UBIA on Statement A 1065

[elbanev]

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

[Critter-3]

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

[DaveF1006]

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

[elbanev]

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

[DaveF1006]

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

@elbanev