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I completed the S Corp Worksheet correctly yet ProSeries is NOT calculating QBI

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I have completed the S Corp worksheet correctly, but the QBI calculations are NOT working at all. I have zero QBI on line 10 for Form 1040. Taxpayer makes $190,000 so they are qualified for the deduction. Is the program not calculating QBI in the most recent software update? All areas of the S Corp worksheet are filled in correctly (I've used ProSeries for 25 years)>

 

Anyone else experiencing this with S Corp clients? (It looks like QBI is working for Schedule C clients)

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Level 8

I posted about this last week.  Experiencing the same issue trying to do my own 1120S and K-1.  Importing the K-1 to my personal return and nothing in Section 199A information amount on line 17 code "V"

Last year it took them a while to get it working correctly if I remember right.  Not sure how long it will take them this year.

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Level 15

Did you input the information from a K-1 or did you import the K-1?

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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I tried both ways. It's broke. Working for you?

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Level 15

I haven't tried it yet, but I was hoping something just got messed up if you imported the data.  Sounds like it could be another long tax season 😞

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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Level 8

I posted about this last week.  Experiencing the same issue trying to do my own 1120S and K-1.  Importing the K-1 to my personal return and nothing in Section 199A information amount on line 17 code "V"

Last year it took them a while to get it working correctly if I remember right.  Not sure how long it will take them this year.

View solution in original post

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Level 11
Level 11

This was marked as "solved". Does this mean you have it working? 

Ok, I am going to assume you are working directly from ProSeries Professional. The K-1 has changed. You must manually enter income/wages/UBIA further down the K-1. It is now in section D-1. Once you enter it there (assuming all other qualifications), your QBI will calculate. 

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Level 3

Yes, still an issue.  Haven't tried with any schedule C clients.  There is also no code or entry point from box 17 for UBIA

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Level 3

It's not working.  The form 8995A is flagged as not ready to file.  The status as of now is a 2/20/2020 EF  ready date.  I guess the choices are 

1. Wait

2. Override

3. File paper

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