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Federal input screens

Screen K1QBI – Qualified Business Income From Pass-Through Entities (1065)

Overview

Use this screen to complete the qualified business income information items received from a pass-through entity.
Aggregated at pass-through entity level
Enter
X
 if the amounts entered on the K1QBI screen were aggregated at the pass-through entity level. When aggregation occurs at the pass-through level, this partnership can add to, but not subtract from, the trades or businesses in the aggregated group. Complete the Aggregation Group section of the screen if this partnership is including the activity in another aggregation.
Specified service trade or business
Enter
X
 if the pass-through entity is a specified serviced trade or business (or SSTB). An SSTB cannot be included in an aggregated activity.
PTP
Enter
X
 if the pass-through entity is a publicly traded partnership. A publicly traded partnership cannot be included in an aggregated activity.
Regulation 1.199A-4 aggregation group
Enter a number and description to aggregate multiple trades or businesses into a single Section 199A trade or business. The total amounts from the aggregated activity are displayed on Section 199A Information worksheet. The detail of the aggregated activities displays on the Section 199A Information Detail Worksheet. A specified service trade or business and publicly traded partnership cannot be included in the aggregation.
UltraTax CS/1065 prints an Aggregation disclosure statement in the partner package. The Aggregation disclosure statement must be attached to the partner’s Form 1040.
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