Can an administrrator please contact me ? I beleive there is a problem with the computation of the QBI deduction when there are PTPs with both QBI income and QBI losses.

Forum|Forum|6 years ago
December 7, 2019
6 replies
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Lacerte Tax

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Best answer by abctax55

You'll need to contact Intuit directly; this is a forum of peer-2-peer users.

Call technical support, OR give us the details & we might be able to help.

PhoebeRoberts

Intuit Community Champion

Lacerte 2018 did it wrong until the end of September or so.

J

jeffrey1Author

Level 3

Lacerte originally netted PTP QBI income and losses and computed the QBI deduction on the net. Know, they are no longer netting....

PhoebeRoberts

Intuit Community Champion

Actually, Lacerte originally netted PTP QBI income with all PTP QBI losses, regardless of whether they were freed up. Then in September, an update corrected the calculation so that only permissible PTP QBI losses were netted out.

J

jeffrey1Author

Level 3

thanks, Lacerte claims there gas been no change. Very frustrating.

J

jeffrey1Author

Level 3

*has

abctax55Answer

Level 15

You'll need to contact Intuit directly; this is a forum of peer-2-peer users.

Call technical support, OR give us the details & we might be able to help.

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