Qbi deduction not calculating for K-1 input - I have calculated the deduction manually and it is not calculating in Lacerte for this taxpayer.

[paige]

This taxpayer has QBI of 309616 - filing MFJ - taxable income $459806 before any QBI deduction.  They do not have a spec service business.  They had wages paid of 189535.  I have exported K-1 from lacerte to 1040 and checked line 17 info on the input and it is showing there.  I did put a zero in the SSB column and nothing in the Aggregate bus # column.

[IRonMaN · Accepted solution]

You have found one of Intuit's worst kept secrets ------------ the QBI deduction is not fully functional yet.

[George4Tacks]

Daddy! Are we there yet?

[abctax55]

I'm hungry....

[anthonyhearn]

The Section D is not populating

[George4Tacks]

Patience, Little Beaver

[abctax55]

Thanks Jeff, for handling the Lacerte question (# 1129 ? ) while I was out of the office

[IRonMaN]

:+1: