Aha! must have been in the latest update. Either that or...

eeyore · ‎12-06-2019

I'm helping my client estimate his 2018 tax liability. He is in a partnership and an S-Corporation, both of which are eligible for the qualified business income deduction. Where in Lacerte do I provide the necessary information so it calculates the deduction?

mojocpa · ‎12-06-2019

@IntuitAlicia

any help on this, I see on the C and the E where to enter, but the K-1 entry is a mystery

rbynaker · ‎12-06-2019

I suspect that's 'cause the K-1 handling of QBI is still a mystery.

mojocpa · ‎12-06-2019

Could very well be, Mr. Rick.

georgie · ‎12-06-2019

QBI for k-1s is entered on screen 20 item Partnerships is a line 20 item (#20z, 20aa, 20ab, 20ac, 20ad). For s-corp & trust/estate screen has its own section "deduction for qualified business deductions"

mojocpa · ‎12-06-2019

Aha! must have been in the latest update. Either that or I am getting blinder.

George4Tacks · ‎12-06-2019

I posted some pretty pictures at https://accountants-community.intuit.com/questions/1778778-the-next-release-date-is-12-12-2018-will-... for C, E and the 1065 K-1

P.S. The lion is getting blinder

Answers are easy. Questions are hard!

View solution in original post

IntuitAlicia · ‎12-06-2019

Thanks George, that covered everything I was going to reply with. From the in-product alert to the community announcement to the input in Screen 20.2 'deductions for qualified business income'.