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Level 5
December 7, 2019
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Will the new regulations on section 199A concerning not including SE Health Insurance, Pension and 1/2 SE tax be reflected in upcoming releases by Lacerte?

  • December 7, 2019
  • 2 replies
  • 19 views
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Best answer by IntuitAlicia

This item was identified when the 199A regs were finalized. Plans to update program calculations to include these changes are in motion.  The most recent in-product alert does indicate these calculations are not currently included.

Additional announcements will be made as we continue to complete these calculations for 2018.

These articles provide additional information:

ProConnect Lacerte Notifications - Lacerte Tax Year 2018 Tax Reform Information and Updates: https://accountants-community.intuit.com/announcements/1741067&src=lsccom

2018 Lacerte - Qualified Business Income (QBI) Resources: https://accountants-community.intuit.com/articles/1756609&src=lsccom

2018 Lacerte Release Dates: https://accountants-community.intuit.com/articles/1738593&src=lsccom

ProConnect Lacerte Notifications - Lacerte Tax Program Updates for 2018 & Prior Years: https://accountants-community.intuit.com/announcements/1635976&src=lsccom

2 replies

IntuitAlicia
Employee
December 7, 2019

This item was identified when the 199A regs were finalized. Plans to update program calculations to include these changes are in motion.  The most recent in-product alert does indicate these calculations are not currently included.

Additional announcements will be made as we continue to complete these calculations for 2018.

These articles provide additional information:

ProConnect Lacerte Notifications - Lacerte Tax Year 2018 Tax Reform Information and Updates: https://accountants-community.intuit.com/announcements/1741067&src=lsccom

2018 Lacerte - Qualified Business Income (QBI) Resources: https://accountants-community.intuit.com/articles/1756609&src=lsccom

2018 Lacerte Release Dates: https://accountants-community.intuit.com/articles/1738593&src=lsccom

ProConnect Lacerte Notifications - Lacerte Tax Program Updates for 2018 & Prior Years: https://accountants-community.intuit.com/announcements/1635976&src=lsccom

IntuitAlicia
Employee
December 7, 2019
The most current version of the program includes these adjustments.
IntuitAlicia
Employee
December 7, 2019
2018 QBI Reduced by Self Employment Tax, Health Insurance, and Retirement Contribution Deductions: https://accountants-community.intuit.com/articles/1798095&src=lsccom