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Level 1
May 5, 2020
Question

QBID - Reference Form 8995 It is calculating the qualified business income by adding Form 1120-S K-1 line 1 to line 11 Sec.179. Should it not just be line 1?

  • May 5, 2020
  • 2 replies
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2 replies

IRonMaN
Level 15
May 5, 2020

Hopefully it is subtracting section 179 instead of adding it.

Slava Ukraini!
itonewbie
Level 15
May 5, 2020

As the IRMN says.  Follow the money and check that §179 is fully allowed on the return.

---------------------------------------------------------------------------------Still an AllStar