Answered: 199A deduction. What effect does a Capital LOSS ($3,000) have on the calculation? Lacerte worksheet ignores the loss. Is this correct?

rick2 · ‎12-07-2019

itonewbie · ‎12-07-2019

Capital loss is specifically excluded as a QBI item.

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Still an AllStar

itonewbie · ‎12-07-2019

Capital loss is specifically excluded as a QBI item.

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Still an AllStar

199A deduction. What effect does a Capital LOSS ($3,000) have on the calculation? Lacerte worksheet ignores the loss. Is this correct?