Anyone happen to have already asked about 951A Income?

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?

1 additional answer

No answers have been posted

More Actions

People come to Accountants Community for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.

Select a file to attach: