199A / Aggregation

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#1
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Individual client has 6 rental properties and his AGI is above the "limitation phase-in" amount.

Drake is reporting each rental on the QBI worksheets as if they're a separate trade or business. This is skewing his QBID.

Ideally there would be some kind of box on the rental input screens that lets you assign a "rental" trade or business number for QBI purposes.

There is a business aggregation box, however it's my understanding that the aggregation rules under 199A are for aggregating separate trades or businesses under select fact patterns.

How is everyone else handling this? Use the business aggregation boxes/numbers to force the worksheets to work correctly, and hope it's better next year?
 

#2
Posts:
8156
Joined:
4-Mar-2018 9:03pm
Location:
The Office
I called Drake support about this issue. They're looking into it...

Hesitant to aggregate here as it's not technically correct and would be confusing to anyone else looking at the return in the future. Once you aggregate you're not supposed to vary treatment unless there's a change in the facts and circumstances...

:cry: :cry: :cry:

This return is basically done except for this issue. Really don't want to extend returns like this so hopefully the come up with something soon.
 


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