Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProConnect Tax
- :
- ProConnect Tax Discussions
- :
- Ensuring S-Corp / K-1 Has 199A Elected
Ensuring S-Corp / K-1 Has 199A Elected
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
tccpg289
Level 4
03-22-2024
10:21 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I want to ensure a business is marked eligible for 199A in ProConnect.
It is an S-Corp with a single owner.
Is it entered on the 1040 return or the 1120-S, and where specifically to ensure it is calculating properly?
Labels
3 Comments 3
sjrcpa
Level 15
03-22-2024
01:21 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
It has to first be on the 1120-S K-1.
Individual picks up the K-1 199A info for their personal return.
Ex-AllStar
tccpg289
Level 4
03-22-2024
02:53 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Can you confirm where it gets entered on the corp?
sjrcpa
Level 15
03-22-2024
03:18 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I cannot. I don't use ProSeries.
Ex-AllStar
