How do I prepare the QBID (199A) worksheet in a 1040, 1041, 1065, 1120, or 1120S return using worksheet view?

  • Article Type:
  • How To
  • Last Modified:
  • 02/20/2019

Objectives

N/A

Environment

CCH® Global fx
CCH Axcess™ Tax
CCH® ProSystem fx® Tax
Version :2018.01000

Procedure

The following inputs will generate the QBID (199A) worksheets. The first worksheet listed in the grids, per product, are the return level overrides. The worksheets following are the activity level entries.
Return TypeWorksheetSection(s)
1040Deductions > Qualified Business Income (Section 199A)1 - General
2 - Total Overrides and Other Information
Income > Schedule C - Business16 - Qualified Business Income
Income > Sch E, p 1 - Rent and Royalty18 - Qualified Business Income
Income > Sch E, p 2 - Fiduciary Passthrough (K-1 1041)2 - Activity
Income > Sch E, p 2 - Partnership Passthrough (K-1 1065)2 - Activity
Income > Sch E, p 2 - S Corporation Passthrough (K-1 1120S)2 - Activity
Income Sch F / 4835 - Farm13 - Qualified Business Income
1041Deductions > QBID (199A)1 - General
2 - Total Overrides and Other Information
Income > Schedule C - Business15 - Qualified Business Income
Income > Sch E, p 1 - Rent and Royalty15 - Qualified Business Income
Income > Sch E, p 2 - Fiduciary Passthrough (K-1 1041)2 - Activity
Income > Sch E, p 2 - Partnership Passthrough (K-1 1065)2 - Activity
Income > Sch E, p 2 - S Corporation Passthrough (K-1 1120S)2 - Activity
Income Sch F / 4835 - Farm10 - Qualified Business Income
1065Income / Deductions > Section 199A - Qualified Business Income1 - General
2 - Total Overrides and Other Information
Income / Deductions > Business14 - Qualified Business Income
Income / Deductions > Rent and Royalty7 - Qualified Business Income
Income / Deductions > Depletion7 - Qualified Business Income
Income / Deductions > Sch F/4835 - Farm6 - Qualified Business Income
Income / Deductions > Fiduciary Passthrough (K-1 1041)7 - Qualified Business Income
Income > Partnership Passthrough (K-1 1065)7 - Qualified Business Income
8 - Qualified Business Income - PTP
1120Income / Deductions > Qualified Business Income (Section 199A)1 - General
2 - Total Overrides and Other Information
Income / Deductions > Business14 - Qualified Business Income
Income / Deductions > Farm / 4835 - Farm and Farm Rental8 - Qualified Business Income
Income / Deductions > Rent and Royalty8 - Qualified Business Income
Income / Deductions > Fiduciary Passthrough (K-1 1041)9 - Passthrough Section 199A
Income / Deductions > Partnership Passthrough (K-1 1065)9 - Passthrough Section 199A
10 - Qualified Business Income - PTP
Income / Deductions > Depletion7 - Qualified Business Income
1120SIncome / Deductions > Qualified Business Income (Section 199A)1 - General
2 - Total Overrides and Other Information
Income / Deductions > Business12 - Qualified Business Income
Income / Deductions > Farm / 4835 - Farm and Farm Rental8 - Qualified Business Income
Income / Deductions > 8825 / Other - Rent and Royalty9 - Qualified Business Income
Income / Deductions > Fiduciary Passthrough (K-1 1041)9 - Passthrough Section 199A
Income / Deductions > Partnership Passthrough (K-1 1065)9 - Passthrough Section 199A
10 - Qualified Business Income - PTP
Income / Deductions > Depletion6 - Qualified Business Income
Notes:
  • An entry in the Qualified option in the Qualified Business Income section of the worksheets is mandatory to include that activity, using it’s entity type and it’s entity number in the calculation.
  • For return types 1065, 1120, and 1120S, an entry for the Code to print QBI schedule is used to produce the 199A output worksheet(s) by labeling an income producing activity/entity as Qualified Business or Qualified Service activity. It is assumed that the return already has complete entries for business, rental, farm, depletion, and/or passthrough K-1s received for the QBID (199A) worksheet(s) to calculate.

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