Partnership owns real property under NNN lease. Does not qualify for QBI. Where do you indicate in the program not to calculate the QBID?

[sjrcpa · Accepted solution]

I think Lacerte's default for rental property is that it does not qualify for the deduction.

[George4Tacks]

@sjrcpa I just used DemoData 01SAMPLE with today's update. It adds lines 1 and 2 to get 20Z. I can't seem to find a magic button to make it NOT 199A. The 1040 has one to make it 199A. I think S-Corp works the same way, but have not tested it yet.
Forms are not yet final yet. Maybe @Ashley at Intuit (aka Henry Jr) can get some input from the Lacerte know it alls.  

[sjrcpa]

Maybe that default is only for individuals. https://accountants-community.intuit.com/questions/1789821-s-corp-non-199a-rental

[abctax55]

That's what their notice said; but I *think* I heard that PS is making the opposite assumption.

I haven't had a chance to see what today's update is doing/not doing..

[sjrcpa]

Neither have I

[abctax55]

Maybe this weekend?

[sjrcpa]

I'm doing fun nontax stuff this weekend