Correct the qualified property basis amount

You can indicate how much basis should be used for each asset. This amount will be used as the cost basis on the Qualified Property report. It also changes the amount that the tax return uses.
  1. Select
    Setup
    , then
    Activity
    .
  2. Mark that the activity qualifies as a trade or business for Section 199A.
  3. In the
    Basis for business income deduction (force)
    field, enter how much basis to use for each asset.
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