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.
- SelectSetup, thenActivity.
- Mark that the activity qualifies as a trade or business for Section 199A.
- In theBasis for business income deduction (force)field, enter how much basis to use for each asset.
