Skip to main content
QBI
Search
Search UltraTax CS Support Help and Support.

This article applies to:

  • Product: UltraTax CS
  • Return type: 1120 Corporation

Transfer qualified property to the Section 199A Information Worksheet

Qualified property should transfer to the Section 199A Information Worksheet.
  1. Go to
    Setup
    ,
    Shareholder Information
     and be sure the beginning year shares were entered.
  2. Go to the Asset module in the activity and select
    Setup
    ,
    Activity
    .
  3. Select
    Yes
     in the
    Qualifies as trade or business for Section 199A
     field.
  4. For specific assets that don't qualify for Section 199A, go to the
    Other
     tab in the asset. Enter information for the
    Exclude asset from qualified business income deduction
     field.
  5. If all information except qualified property is on the worksheet, go to the
    QBI
     window in the related activity.
  6. Select
    Edit
    ,
    Delete screen data
     to clear the data on the screen.
  7. Select the
    Asset
     tab.
  8. Go to the
    QBI
     window in the activity and check that there is information for the Qualified Property amount. This information comes from the Asset module.
  9. Add any missing information to this screen.
  10. Open the Section 199A Information Worksheet to verify the qualified property is now showing.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close