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JamesG1 · ‎March 13, 2023

UBIA refers to Unadjusted Basis Immediately after Acquisition. This figure is routinely used in the calculation for the Qualified Business Income Deduction. The preparer of the K-1 should report this information on the Statement A.

In many cases, UBIA is the original purchase price of the assets of the entity.

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@Rhondajoy-25

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