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Level 2
December 7, 2019
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Does an SEP contribution reduce QBI on a Sch C? If so, how do you link the two in Lacerte?

  • December 7, 2019
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Best answer by garman22

A SEP should reduce QBI based on the regs that were recently released. I dont know how you link the 2 in Lacerte. I am in PS.

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garman22Intuit Community ChampionAnswer
Intuit Community Champion
December 7, 2019

A SEP should reduce QBI based on the regs that were recently released. I dont know how you link the 2 in Lacerte. I am in PS.

vf45_2Author
Level 2
December 7, 2019
Thanks, that's how I interpreted the final regs. But, there doesn't seem to be a way to link them in Lacerte and no adjustment is being made for SE Tax or the SEP.