The program does not automatically calculate the amount of prior year Excess Business Loss allowed in the current year for the Qualified Business Income Deduction. Please manually enter the correct amount.
I have calculated the proper amount of prior year excess business loss allowed in the current year for qualified business income to be zero. A click of diagnostic 58044 takes you to Screen 15, under Qualified Business Loss Carryovers, the bottom field titled Excess business loss absorbed in 2022. Any positive amount entered in this field will clear the diagnostic. I entered zero in this field, and the diagnostic does not clear. The field will not allow an entry of -1, as the program returns a pop-up on screen saying "Value must be between 0 and 999,999,999". Can anyone help me understand how to clear the diagnostic when this amount should indeed be zero?
I agree with the statement above. This diagnostic is perfect example of Lacerte not providing sufficient information in their help or with the diagnostic. No good information anywhere (other than input of 1) on how to deal with diagnostic or if it can be ignored. And if it can be ignored, why is it a critical? And I don't know what others' experience has been with calling support but most of the time they don't understand anything and just read off the same information that we can read ourselves.