topic Re: UBIA on Statement A 1065 in Get your taxes done using TurboTax

UBIA on Statement A 1065

elbanev — Wed, 11 Feb 2026 06:36:28 GMT

My wife and I have a pass through LLC partnership that owns a short term rental property

Would the "UBIA of qualified property" on "Statement A—QBI Pass-through Entity Reporting (Entity Level Amounts)" ever change from the original listed amount? We had professional CPA file the first return and they listed $750k in that box. This year we added a $10k hot tube which we've added to the depreciation table. Do we keep the $750k for the UBIA of qualified property or add $10k to it?

Thanks,
Joe

Re: UBIA on Statement A 1065

Critter-3 — Thu, 07 Mar 2024 00:31:55 GMT

Do we keep the $750k for the UBIA of qualified property or add $10k to it? YES ... but the program should do this automatically.

Re: UBIA on Statement A 1065

DaveF1006 — Thu, 07 Mar 2024 00:20:37 GMT

Yes, you will add this to the UBIA of your qualified property if Turbo Tax didn't do it automatically.

Re: UBIA on Statement A 1065

elbanev — Thu, 07 Mar 2024 00:55:18 GMT

Which TurboTax product handles this best? I bought Home and Business last year and it didn’t seem to work. I’d much rather buy a product that handles the whole LLC partnership.

thanks

Re: UBIA on Statement A 1065

DaveF1006 — Thu, 07 Mar 2024 00:59:56 GMT

You need to purchase a Turbo Tax Business product that prepares Partnership 1065 returns. Here is a link to order.

@elbanev