I'm trying to file my personal taxes online and get the following message for an LLC of which I am a partner:
"...Activity name has entries for certain deductions such as section 179, depletion, section 59(e)(2) and other expenses that may be individually limited. For the purpose of the qualified business income deduction those expenses are not yet supported. This will be enabled in a subsequent release."
What does this mean? And, when will the "release" take place? Will this release free things up or will is on the end of the LLC (meaning, would I need an amended Schedule K)?
