Big J
Level 1
01-03-2020
10:22 AM
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QBI from commercial rental property is reported on Summary 199A report but is not being reported on individual partners' 199A from
2 Replies 2
IRonMaN
Level 15
01-03-2020
10:39 AM
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Did you import the K-1 into the 1040? Have you completed the info at the bottom of the K-1 worksheet on the 1040 side of things?
Armpit sniffer. Yup, checked out the help wanted ads and found the job. With my nose, how can I go wrong?
PianoMan
Level 1
01-03-2020
01:28 PM
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I thnk your talking about the QBI limits? You have to yourself input these limits into the k1 … In any event the K 1 to the 1040 , and on the 1040 file, must be inputed in order to compute any QBI for the commercial enterprise..
That's my experience. Hope this helps..the amounts upon which the limits are referred are usually the QBI amount, the total wages paid, and the Unadjusted basis in assets...