Christian Posted October 14, 2024 Report Posted October 14, 2024 Finished all client returns and now bogged down in my own !!! For reasons I cannot fathom 199A dividends reported in my brokerage account Section 199A PTP income reported by two publicly traded partnerships are not flowing to Form 8995 as one would think they would. Anyone have a clue why this would be. Looks as if I failed to enter one or something. Quote
Christian Posted October 14, 2024 Author Report Posted October 14, 2024 I kept on and finally got the PTP and dividends deducted ( the 20%) but was restricted on my tax biz income. Quote
jklcpa Posted October 14, 2024 Report Posted October 14, 2024 29 minutes ago, Christian said: I kept on and finally got the PTP and dividends deducted ( the 20%) but was restricted on my tax biz income. I'm not sure why you are mad, and not to be wise, but it is a business income deduction. In general, it is a deduction based on business income, REIT dividends and qualifying income from PTPs. Do you have any other business income or sec 199A dividend income that would qualify, or did the PTP have any qualifying income or from a REIT? Quote
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