199A QBI STATEMENT

[mini 11]

I am a single owner of S.corp and claimed new computer ($3,000) 100% use for business in 2021 under section 179. 

But I see this amount $3,000 on 199A statement, QBI statement as UBIA of qualified property from my 1120S  2022 year. 

Is this an error or this is correct? I assume it will stay like this until the end of life 5years?

Please advise me. Thank you very much!

[PatriciaV · Accepted solution]

Yes, the unadjusted basis immediately after acquisition (UBIA) of qualified property held by a trade or business is reported BEFORE any depreciation. So the original basis of your business property will be reported under QBI until it is fully depreciated.