Is the software - ProSeries Professional - functional to handle a Schedule F with and Ag Coop Patron thus requiring the use of the QBI Deduction complex worksheet to get the QBI subtraction to come forward to the form 1040? I'm asking this on Feb. 4th.
Best Answer Click here
This discussion has been locked. New comments cannot be posted on this discussion anymore. Start a new discussion
Absolutely! Per the IRS instructions, patronage dividends and other distributions in boxes 1,2,3, and 5 from a cooperative are reported on Schedule C, Schedule F, or Form 4835. The Schedule F, complex worksheet, and QBI deduction are all completed and functioning in the program. Here is more about the QBI worksheet in ProSeries:
Absolutely! Per the IRS instructions, patronage dividends and other distributions in boxes 1,2,3, and 5 from a cooperative are reported on Schedule C, Schedule F, or Form 4835. The Schedule F, complex worksheet, and QBI deduction are all completed and functioning in the program. Here is more about the QBI worksheet in ProSeries:
You have clicked a link to a site outside of the ProConnect Community. By clicking "Continue", you will leave the Community and be taken to that site instead.