Full amount of 1/2 of SE Tax Deduction is not reducing QBI.... why?

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

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Best answer by itonewbie

Lacerte is indeed reducing QBI by 1/2 of SE-tax. You may want to check that the activity you referred to is marked as a qualified trade or business (depending on the default of each Schedule) and check the worksheets in more details.

itonewbieAnswer

Level 15

Lacerte is indeed reducing QBI by 1/2 of SE-tax. You may want to check that the activity you referred to is marked as a qualified trade or business (depending on the default of each Schedule) and check the worksheets in more details.

---------------------------------------------------------------------------------Still an AllStar

itonewbie

Level 15

Oh, and if you have multiple qualified trades or businesses, the SE-tax deduction would be allocating among these activities to which the deduction is attributable. You're probably not referring to this when you say "full amount" but thought I'd just toss this in just in case.

---------------------------------------------------------------------------------Still an AllStar

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