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Level 3
February 22, 2020
Question

Still have a K-1 QBI error

  • February 22, 2020
  • 10 replies
  • 110 views

Even though form 8995-A was made available several days ago, and my software is up to date, I still have an error on my personal return on the K-1 that has my Unreimbursed Partner Expenses.  The error highlights the Business Name and says:  "Sch K-1 Wks-Partnerships (Business, 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."  

How do I fix this issue???

    10 replies

    Level 15
    February 22, 2020

    @Toga Woodworking wrote:

    How do I fix this issue???


    You will have to wait for the new release with the fix.

    Level 2
    February 23, 2020

    I am having the same issue.  When will the new release come out?

    Level 2
    February 23, 2020

    Following the thread.