kgreen8393
Level 5
07-10-2020
02:28 PM
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I talked with Lacerte help desk earlier this week about this issue. Although not a PTP, in my case, none of the losses are allowed for Federal due to passive limitations, but the 199A Schedule A is showing 100% of the current year loss as QBI and the 2018 QBI carryover.
According to the Lacerte employee, this is a known issue. They have known about this for a month. She said it probably would not be fixed this close to the due date! What!!!
In my case, I just extended the return. You can override to get the return to work, however, none of the carryovers of QBI will proforma to next year.