Urban Tax
Level 1
07-10-2020
01:47 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I have a client who is a partner in a law firm and his QBI calculation takes the business income from his 1065 and subtracts a prorated amount of half of his self-employment tax deduction and his retirement contribution. Why are these two amounts being prorated? I can not figure out the calculation and there is not a worksheet in Lacerte to show this reduction.