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Level 2
December 7, 2019
Solved

Does anyone know if tribal income is considered QBI? And if not, how do you override S199A deduction?

  • December 7, 2019
  • 3 replies
  • 16 views

Doesn't seem like tribal income should qualify as QBI, but Lacerte is applying the 199A deduction.  There doesn't seem to be a way to override this.  The income is entered in Lacerte as "other income" (screen 14.1 not income subject to self-employment tax).  

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Best answer by Kathi_at_Intuit

For tribal income, I would take a look at this site to see if there is any guidance there:

http://www.ncai.org/policy-issues/tribal-governance/taxation

I did try and duplicate what you are seeing in Lacerte and I am not able to. I am not getting a deduction for other income. I would make sure that Lacerte is up-to-date:

Downloading and Installing Lacerte Program Updates

https://accountants-community.intuit.com/articles/1606467-downloading-and-installing-lacerte-program...




3 replies

George4Tacks
Level 15
December 7, 2019
Logic seems to tell me this is correct. This is sort of like income from a K-1.
I can not reproduce your result.
Maybe @Kathi_at_Intuit can look into it and @itonewbie seems be right on top of QBI developments
Answers are easy. Questions are hard!
itonewbie
Level 15
December 7, 2019
Wish I could help but I have no experience in tribal income.
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Kathi_at_Intuit
Moderator
December 7, 2019

For tribal income, I would take a look at this site to see if there is any guidance there:

http://www.ncai.org/policy-issues/tribal-governance/taxation

I did try and duplicate what you are seeing in Lacerte and I am not able to. I am not getting a deduction for other income. I would make sure that Lacerte is up-to-date:

Downloading and Installing Lacerte Program Updates

https://accountants-community.intuit.com/articles/1606467-downloading-and-installing-lacerte-program...




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ttylerAuthor
Level 2
December 7, 2019
After a Lacerte update, the deduction went away.  Thanks.