Solved: Anyone happen to have already asked about 951A Income?

PhoebeRoberts · ‎12-07-2019

I've got a PTP K-1 with Sec 951A income. The correct tax return presentation is anything treated as ordinary / nonpassive / subject to NIIT, so I'd be happy with any of Line 21, non-qualified dividends, or SchEp2 nonpassive income.

In the 1040 package, there are new input fields for 951A income (new this year!), 965(a) inclusion (last year I concluded that Line 21 was the IRS-preferred presentation), and Other Subpart F (non-qualified dividends per my longstanding notes).

As of today, entries in those fields go nowhere, and produce no diagnostic to that effect. F1 Help just has the field name. There's a 40 minute hold time to report the issue. Any chance anyone else has already talked to tech support about this? If so, is it anticipated that these fields will actually work later?

PhoebeRoberts · ‎12-07-2019

Per tech support, this will be fixed on the March 5th update.

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PhoebeRoberts · ‎12-07-2019

Per tech support, this will be fixed on the March 5th update.

abctax55 · ‎12-07-2019

Did you really get an answer from support in about 30 minutes... W O W, I'm impressed

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PhoebeRoberts · ‎12-07-2019

40 minutes on the dot from when I dialed!

stephen-dawson · ‎12-07-2019

Has the input for 951A been fixed yet? I input amounts here, but the numbers do not generate on any of the tax forms and there are no diagnostics either.

rebecca-erickson · ‎12-07-2019

There are two lines for input of 965 and GILTI on the other income worksheet but the items do not flow to 8960 NIIT.

abctax55 · ‎12-07-2019

@rebecca.erickson Phoebe's question was regarding Lacerte; your answer is a ProSeries answer.

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abctax55 · ‎12-07-2019

I haven't seen ANY PTP K-1's yet....this season is starting off more slowly than any one I can remember. Our weather has played a big part in that issue also. I'm dreading March.

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PhoebeRoberts · ‎12-07-2019

Woe betide me for having two in. Woe betide our politicians and their "tax simplification." So much woe! 🙂

abctax55 · ‎12-07-2019

Yep...simplification my

's butt

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Anyone happen to have already asked about 951A Income?

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