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Level 2
April 25, 2022
Question

How to specially allocate specific QBI items from passthrough entity k-1 in proconnect?

  • April 25, 2022
  • 1 reply
  • 9 views
I need to allocate QBI items of Rental Income and Section 1231 gain differently (i.e. each has a different percentage allocation).  I see there is a way to assign a % to both, but I need separate % for each line item.
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1 reply

itonewbie
Level 15
April 26, 2022

@partnerssolution wrote:
...I see there is a way to assign a % to both, but I need separate % for each line item.

Are you preparing a K-1 or 1040?

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