Solved: Referring to QBI on a partnership or s corp return, shouldn't you normally "Check box to opt out of including Sec 179 deduction in QBI"?

Bry · ‎12-07-2019

Shouldn't any reduction of QBI due to Sec 179 happen at the individual level?

Is that what this link (and the link it provides) referring to?

Thanks.

itonewbie · ‎12-07-2019

§179 is a separately stated item. We couldn't get through to Intuit in the end and this checkbox is the best compromise we could get out of them.

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Still an AllStar

itonewbie · ‎12-07-2019

§179 is a separately stated item. We couldn't get through to Intuit in the end and this checkbox is the best compromise we could get out of them.

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Still an AllStar

Bry · ‎12-07-2019

So the default should be to check the box, right? Is there a time when you wouldn't?

itonewbie · ‎12-07-2019

I can't but that's just me.

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Still an AllStar

Referring to QBI on a partnership or s corp return, shouldn't you normally "Check box to opt out of including Sec 179 deduction in QBI"?