We are not able to view your tax return.
TurboTax does not calculate UBIA. We regularly see UBIA reported by the issuer of a Schedule K-1 (1120-S) on a Schedule A.
UBIA is routinely used in the calculation for the Qualified Business Income Deduction. In most cases, UBIA is the original purchase price of the asset.
UBIA refers to Unadjusted Basis Immediately after Acquisition. See Question 10 of the IRS website for an explanation.
@pcnyc
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
