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QBI and rental real estate

Level 2

in the Schedule E worksheet I have marked the box that the rental real estate is a qualified trade or business, but the QBI will not calculate.

Please help

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Champion
Champion

Ive seen other reports of this since an update earlier this week....I had one at the office yesterday, it seemed to work as expected

Down at the bottom of the Sch E in the QBI section, is it linking to a QBI worksheet? 


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Champion
Champion

I just set up a rental on a dummy file here at home, it doesnt seem to be linking to a QBI worksheet, it just show Untitled and doesnt pick up the figures.

 


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Champion
Champion

@IntuitAustin  can you replicate this behavior?    I created a new Sch E worksheet, filled it out and scrolled down to the QBI portion and it autofills Untitled as the name and a QBI worksheet, but it wont pick up the title on the Sch E or compute the QBI.    I feel like it was doing this back in January as well....

Looks like ones with rentals from 2018 that carried over are computing correctly, its a new 2019 rental I can't get to work....(I havent updated since the 23rd)


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Level 2

Thank you!  That is exactly the problem, when I put a new rental in it just goes to "untitled" and does not calculate.  Thank you, I will await further information.

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Community Manager
Community Manager

This issue was resolved on the the last update of ProSeries, 2019.240
Schedule E Worksheet, Rentals and Royalties - QBI income was not flowing to a QBI Component Worksheet nor to Form 8995 unless the Trade or Business Name was entered in line B of the QBI Deduction Smart Worksheet
http://prodldfp.proseries.com/pro/2019/readme/pro_1040.htm


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@acdmbacpa @Just-Lisa-Now- 

There is already a discussion started on the same topic at:  QBI not calculating on Schedule E's