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Level 5
March 22, 2024
Question

Ensuring S-Corp / K-1 Has 199A Elected

  • March 22, 2024
  • 1 reply
  • 12 views

I want to ensure a business is marked eligible for 199A in ProConnect.

It is an S-Corp with a single owner.

Is it entered on the 1040 return or the 1120-S, and where specifically to ensure it is calculating properly?

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1 reply

sjrcpa
Level 15
March 22, 2024

It has to first be on the 1120-S K-1.

Individual picks up the K-1 199A info for their personal return.

The more I know the more I don’t know.
tccpg289Author
Level 5
March 22, 2024

Can you confirm where it gets entered on the corp?

sjrcpa
Level 15
March 22, 2024

I cannot. I don't use ProSeries.

The more I know the more I don’t know.