I apologize for missing that one.
Question 3.In the same 199A income entry form, is “UBIA of qualified property” field entered from schedule K-1 “Partner's Section 199A Information Worksheet” “Qualified property” Field? (btw the 2023 form is intentional)
- UBIA means unadjusted basis of qualified property immediately after acquisition. Basically it is the cost of assets before any depreciation. The amount should be on your statement that came with your K1.
@hqat1
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
