2018 NIT for S-corp??

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  • kathyc2
    Senior Member
    • Feb 2015
    • 1947
    #1

    2018 NIT for S-corp??

    On ProSeries 2018 projection, it is applying the 3.8% NIT on S-corp earnings where the S/H materially participates.

    Is the exclusion from the tax for a S/H the materially participates going away? I haven't seen anything to that regard, so I'm hoping Pro just has it wrong.
    Tags: None
    • TAXNJ
      Senior Member
      • Jan 2007
      • 2106
      #2
      Originally posted by kathyc2
      On ProSeries 2018 projection, it is applying the 3.8% NIT on S-corp earnings where the S/H materially participates.

      Is the exclusion from the tax for a S/H the materially participates going away? I haven't seen anything to that regard, so I'm hoping Pro just has it wrong.
      Does this help?

      https://www.baratzcpa.com/~baratzcp/files/B%26A-S-Corp%20memo%20Memo-February%202018.pdf
      Always cite your source for support to defend your opinion

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        • TaxGuyBill
          Senior Member
          • Oct 2013
          • 2324
          #3
          The ProSeries projections have had a lot of bugs this year (including Child Tax Credit and EIC problems).

          I suspect that the actual 2018 software is going to be horribly problematic.

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