Section 199A Report: Unique Column

The Acquired 199A Value column is unique to the Section 199A Report. The Acquired 199A Value for each asset equals the Acquired Value times the Business Use% . This is because only the business use portion of an asset can be used in the calculation of Qualified Business Income (QBI). If the business use of an asset is 100%, the Acquired Value and Acquired 199A Value columns will be equal.

Only the Acquired Value and Acquired 199A Value columns are subtotaled and totaled on the Section 199A Report.

Each section of the Section 199A Report only displays if there are qualifying assets for the section.

What should I do if I expected more assets or more sections of the report to display?

• Check to make sure you have depreciated your assets through the report run date for the group and book used to run the report.
• Make sure you have checked the box for “Display assets not included in the 199A calculation” to display the third section of the report and to see the Grand Totals.
• Double check that you ran the report using the intended group and book.
• Make sure that the group chosen for the report has qualifying assets for the first two sections and other assets for the third section.
• Review Knowledgebase article 230515170726533 to understand report filtering, qualifying assets, groups, and other helpful information.