Skip to main content
1120 Returns

Federal Statement A - QBI pass-through entity reporting not printing

This article explains how to fix an issue where Federal Statement A for IRC Section 199A Qualified Business Income (QBI) pass-through entity reporting doesn't print. This happens when you exclude the activity from the QBI calculation or when the ordinary business income line in Schedule K is empty.

Solution

  1. Go to
    Organizer
    Schedule K
    Items Affecting S/h Basis/Other Info
    IRC § 199A (General Trade or Business)
    .
  2. Clear the checkbox
    Exclude this activity from the IRC § 199A qualified business income (QBI) computation
    .
  3. Go to
    Tax Forms
    Federal
    Sch K-1
    Part III
  4. Expand Line
    17
    then open
    Sec 199A
    to check if the amount is appearing as expected.
  5. If there are still no amounts, go to the next step.
  6. Go to
    Organizer
    Schedule K
    Items Affecting S/h Basis/Other Info
    IRC 199A (General Trade or Business)
    IRC 199A General Trade or Business Not Specified Services Trades or Business
  7. Find line
    Ordinary business income(loss)
    and enter the ordinary business income amount from your records.
  8. Run
    Full Recompute
     and
    Refresh Print
    .
Once you've completed these steps, check that Federal Statement A shows in your print output with the correct QBI information.

This article applies to:

  • Product: ONESOURCE Income Tax
  • Return type: 1120 Corporation

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close