Indicate that an activity qualifies as a trade or business

You'll get an error message if an activity has data and the
Qualifies as a trade or business for Section 199A
field on the
QBI
window is blank. You can still e-file, but the information in the
Qualifies as a trade or business for Section 199A
field is important for calculating Section 199A if the property qualifies. You can't print the Qualified Property report until you clear the error message.
  1. Go to the activity with qualified property assets.
  2. Select the
    Asset
    tab, then
    Setup
    ,
    Activity
    .
  3. Answer
    Yes
    in the
    Qualifies as trade or business for Section 199A
    field.
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