Should 2018 Form 1065 Schedule K (K-1) Line 20 Code Z, computation of Sec 199A income, is not deducting Sec 179 (Line 12)? Lacerte is not.

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

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Best answer by IntuitAlicia

I've looked further and found that this was reported to our developers on the 22nd. If you would like to be notified when issue INV-25078 has been addressed, you can contact support and make this request. Otherwise, our program update schedule is listed below.

Lacerte Release Schedule: https://accountants-community.intuit.com/articles/1738593&src=lsccom

You can also receive an email notification each time a program update goes live, by 'following' the ProConnect Lacerte Notifications - Lacerte Tax Program Updates for 2018 & Prior Years: https://accountants-community.intuit.com/announcements/1635976&src=lsccom

George4Tacks

Level 15

@IntuitAlicia could you look into this and https://accountants-community.intuit.com/questions/1795231-should-2018-form-1065-schedule-k-k-1-line-20-code-z-computation-of-sec-199a-income-is-not-deducting-sec-179-line-12-lacerte-is-not ?

Answers are easy. Questions are hard!

IntuitAlicia

Employee

@George4Tacks thanks for the heads up

IntuitAlicia

Answer

Employee

I've looked further and found that this was reported to our developers on the 22nd. If you would like to be notified when issue INV-25078 has been addressed, you can contact support and make this request. Otherwise, our program update schedule is listed below.

Lacerte Release Schedule: https://accountants-community.intuit.com/articles/1738593&src=lsccom

You can also receive an email notification each time a program update goes live, by 'following' the ProConnect Lacerte Notifications - Lacerte Tax Program Updates for 2018 & Prior Years: https://accountants-community.intuit.com/announcements/1635976&src=lsccom

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