LarryG
Level 3
07-27-2021
07:20 PM
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I received a Sch K-1 from a partnership for an IRA that reported UBTI and also reported QBI relating to the UBTI. According to the IRS, Form 990-T filing as a trust (such as an IRA) is allowed to deduct the QBI on line 9 on page one but I cannot find an input screen in Lacerte to enter the QBI.
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LarryG
Level 3
07-27-2021
07:37 PM
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I found the answer. It is Screen 95. I just did not look far enough.
sjrcpa
Level 15
07-27-2021
08:22 PM
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Thanks for sharing the solution.
The more I know the more I don’t know.
