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QBI Aggregation in ProSeries

PamA
Level 1

How do entities aggregate their QBI calculation in ProSeries?  I'm doing projections in the 2020 software.  We have 4 separate K-1's from partnerships and an S-Corp that meet the aggregation rules, but separate QBI component calculation sheets are being created even though we have the aggregate box checked on the K-1's.  Seems I'm missing a logistical step.  Thanks in advance!

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2 Comments 2
Accountant-Man
Level 12

I wouldn't use 2020 software for this. Do the same calcs in 2019 and check the results.

** I'm still a champion... of the world! Even without The Lounge.
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riccicpabristol
Level 1

SECTION D2 OF K-1 INPUT - QUALIFIED BUSINESS INCOME DEDUCTION INFO

A - You double click the name of the Entity "to the right" of the QuickZoom tab first.

      Then it will link

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