evietax
Level 2
12-28-2021
11:47 AM
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Colorado law change for 2021 and 2022 tax years: QBI deduction on federal return is a state addback for single filers with AGI over 500,000 and for married filing joint taxpayers with AGI over 1,000,000.
Lacerte tax summary in 2021 program is showing addback of QBI for taxpayers with AGI lower than these amounts.
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Strongsilence-C
Level 10
12-28-2021
04:48 PM
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Interesting. Without trying to avoid the question, is the 2021 LC reliable and accurate at this time? Being so early in the release state, is it advisable to use LC due to the remaining updates and gyrations needed? I think I read somewhere that Intuit is advising preparers to use the Tax Planner and not to use LC.
