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199a not calculating, any idea???

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Level 1
 
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7 Replies 7
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Level 8

We have not received any update on this.  You might want to find a way to reach out to INTUIT.  We are just users like you.

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Level 15
Level 15

You'll need to provide more details, lots of ways this can go.

199a computing on a Sch C, Sch F, Sch E, 1120S K-1, 1065 K-1 etc?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Level 1

Same problem: 199A is not calculating on S corporation,  Schedule K and not transferring to Individual tax return. After importing Schedule K to the individual return, line 17, has code V, with message: V code is selected, but no Section 199A income entered on Statement A. 

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Level 15
Level 15

I havent had one of these yet, but I thought I saw someone post that if you scroll down the page there's another area to enter the QBI info and will make the error for code V clear.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Level 11
Level 11

Lisa is correct. A workaround for importing is to manually enter in 199a info directly. This should calculate your QBI and clear any errors. 

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Level 3

No such luck.  Not letting me enter UBIA?  Apparently, box 17 code X, unadjusted basis is no more?  All the fields where UBIA should appear would need an override to complete...

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Level 11
Level 11

The codes are no more. Enter directly on UBIA line in Section D-1 of the K-1. Keep scrolling down the

K-1 until you get there.