Discussion ongoing
Statement A Partnership & S-Corp
Values from Statement A from Partnerships and S-Corps do not transfer automatically to Section D1 on individual's K-1 when imported. Amounts have to be entered manually. If any changes to Partnership and S-Corp tax return, amounts have to be re-entered and if incorrect, it affects the QBI calculation. If the amounts do not correspond with corrected on the Partnership/S-Corp side, it does not prompt an error message. Line 20 Sch K-1 code Z shows error only if no information on Section D1 is entered but does not show if the information is incorrect. The information Statement A on Partnership/S-Corp has to transfer automatically to Section D1.
