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I am seeing this: Sch K-1 Wks-Partnerships (LLC): 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 purposes of the qualified busine

I am seeing this: Sch K-1 Wks-Partnerships (LLC): 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 purposes of the qualified business income deduction those expenses are not yet supported. This will be enabled in a subsequent release.

 

When will this feature be released so I can file my taxes???

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6 Replies
AlexanderS08
Expert Alumni

I am seeing this: Sch K-1 Wks-Partnerships (LLC): 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 purposes of the qualified busine

The current estimated release date for the QBI Form is February 20, 2020. 

 

Here is a link to all of the Forms availability:

Federal Form Availability

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I am seeing this: Sch K-1 Wks-Partnerships (LLC): 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 purposes of the qualified busine

This is still not fixed and it says that the forms are available.  Will this get fixed soon?

I am seeing this: Sch K-1 Wks-Partnerships (LLC): 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 purposes of the qualified busine

I'm able to add under K-1 Box 17...V - Section 199A information since Feb 20, 2020 (which I couldn't before).  Then it allows me to add the 'worksheet' amounts from 199A.  When you get to 'Let's check for some uncommon adjustments, I'm checking 'None of these apply' and I get an error here in red...so I must leave it unchecked and continue (nothing else is checked).  After all of this and I get to Smart Check, I'm still getting the same error that were to be fixed on Feb 20th.  Is there still something missing that won't allow me to complete my taxes concerning my K-1 and QBD?

Ritchison
New Member

I am seeing this: Sch K-1 Wks-Partnerships (LLC): 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 purposes of the qualified busine

When will this update be available?

Danimal
New Member

I am seeing this: Sch K-1 Wks-Partnerships (LLC): 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 purposes of the qualified busine

Same issue with me...it will not let you do a work around either unless you remove information.  This seems to be a pretty big issue as anyone with a 179 deduction will not be able to file.  Would be nice to get this fixed ASAK...and offer a future discount .

DaveF1006
Expert Alumni

I am seeing this: Sch K-1 Wks-Partnerships (LLC): 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 purposes of the qualified busine

Here is the latest updates on when the forms will be released by the IRS. Please review this IRS link. for information on the latest updates. Looks like 2/28/2020 for the 8995A form. Until that form is released, this section cannot be completed.

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