Skip to main content
Level 1
December 7, 2019
Solved

How do I make lacerte include asset in QBI computation

  • December 7, 2019
  • 1 reply
  • 5 views
asset not being picked up for qubi computation, not past depreciable life
This topic has been closed for replies.
Best answer by itonewbie

Is the asset linked to an activity that is marked as a qualified trade or business for QBID?

Does the asset meet all the requirements to be considered a qualified property for the purpose of computing UBIA?  Not past the applicable recovery period is only on of the conditions.

1 reply

itonewbie
itonewbieAnswer
Level 15
December 7, 2019

Is the asset linked to an activity that is marked as a qualified trade or business for QBID?

Does the asset meet all the requirements to be considered a qualified property for the purpose of computing UBIA?  Not past the applicable recovery period is only on of the conditions.

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