I own part of 2 S Corps. One of them under the QBI Component report is asking for an explanation as to factors that make it an aggregate. It is not an aggregate, and nothing I can find in the k-1 forms, any checkboxes in the worksheets, anywhere in the interview part, or anything signifies that it is an aggregate. Under the business name it shows the business and has numbers filled in on the right side, and below it, it says Enterprise #1 with no numbers filled in on the right side. How can I un-aggregate this. it is infuriating.
Thank you.
something that Turbotax does so you can see the separate calculations
if you look at what is actually sent to the IRS you'll probably find form 8995-A. If you did not aggregate them box c should be blank
on the QBI income component worksheets just leave blank the explanation for aggregation. there should be two of these one for each S-Corp
something that Turbotax does so you can see the separate calculations
if you look at what is actually sent to the IRS you'll probably find form 8995-A. If you did not aggregate them box c should be blank
on the QBI income component worksheets just leave blank the explanation for aggregation. there should be two of these one for each S-Corp