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How does an S corp report the required Qualified Business Income separately on K-1s for each trade or business (per IRS Form 1120S draft instructions)?

porter
Level 1

While reviewing the Lacerte latest release for S corps, Sch K input for Section 199A doesn't provide for the required reporting of multiple trades or business. 

The applicable page from the IRS instructions is attached.


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abctax55
Level 15

The software is not yet fully functional...hopefully the update on 1/9/19 will handle this.  Or not.


#StandWithUkraine

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abctax55
Level 15

The software is not yet fully functional...hopefully the update on 1/9/19 will handle this.  Or not.


#StandWithUkraine
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