Calculate qualified property
UltraTax CS prints the Qualified Property Report for the activity when you select
Yes
in the Qualifies as trade or business for Section 199A
field in Setup
, Activity
in the asset module. The unadjusted basis immediately after acquisition (UBIA) of qualified property amount transfers from the asset module to the Unadjusted basis of qualified property
field on the C-2, F-2, Rent-2, K1QBI, and K1TQBI screens. If you disagree with the amount transferred from the asset module, you can change the amount in the Unadjusted basis of qualified property
field on the screen.
