Rental income on 1120S not qualified for 199A

How does an S-Corp (1120S) with rental income from a triple-net lease indicate that the income does not qualify for 199A treatment?

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Best answer by itonewbie

Go to Screen 27 and check the box to "Exclude rental activities" under 199A. You can see this article for more info: https://accountants-community.intuit.com/articles/1807507-lacerte-qbi-section-199a-partnership-and-s...

Level 15

Go to Screen 27 and check the box to "Exclude rental activities" under 199A. You can see this article for more info: https://accountants-community.intuit.com/articles/1807507-lacerte-qbi-section-199a-partnership-and-s...

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Level 3

Thanks for this information. I'm new to Proconnect and had not seen Screen #'s used before. How can I find a specific screen number in the program?

Level 15

Browser error. Removed duplicate.

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