carrie_minkler
Level 1
12-06-2019
10:12 PM
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Best Answer Click here
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George4Tacks
Level 15
12-06-2019
10:12 PM
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Have you checked? I know there was an update this last week. I don't see content listed.
Answers are easy. Questions are hard!
Answers are easy. Questions are hard!
Moderator
12-06-2019
10:12 PM
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Lacerte 2017 is currently not updated with input to reflect the QBI calculations. We recommend entering the amount in screen 22, Other Schedule K Items in the field labeled "Other deductions (Ctrl+E)." The description box for this line could be something to the effect of "Section 199A deduction" or something similar. This will put the deduction on the K-1s for each partner according to their percentages. If this is not a viable option, this information could be added as a statement or as supplemental information per shareholder. I have entered in feedback to our development in hopes that this may be added to a future update.
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DWayneB
Level 2
12-06-2019
10:12 PM
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Will the 2017 program be updated to enable us to properly report QBI information for a fiscal year partnership?