WITAXLADY Posted March 15, 2019 Report Posted March 15, 2019 UBIA of qualified property for each specified service trade or business - so I understand most parts of the QBIC - but what assets do I add up to get the unadjusted basis of qualified property Pleaseeeee yes - it is calculated for Sch C - but I am trying to calculate it for the S corp.. thank you, D Quote
WITAXLADY Posted March 15, 2019 Author Report Posted March 15, 2019 and the reason I ask is the qualifying property is given for the Sch C and it does not add up to what I think it should be... and I wonder what I am "missing" Mine is more than ATX's... Original Basis unadjusted except for % of use... do buildings all count? land does not... - not depreciable.. vehicles - how do they count if mileage - need to have cost? or they do not count? Thx d Quote
WITAXLADY Posted March 15, 2019 Author Report Posted March 15, 2019 https://www.forbes.com/sites/anthonynitti/2017/12/26/tax-geek-tuesday-making-sense-of-the-new-20-qualified-business-income-deduction/#75d7eb7744fd found it - from the resources above! thank you guys - you rock - whomever had the idea of doing tax tips! Quote
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