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2018 NIT for S-corp??

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    #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.
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    #2
    Originally posted by kathyc2 View Post
    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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      #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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