Client has a small Schedule C which generated a profit of $1,510. The 2021 Lacerte Tax Program is showing QBI of $1,407 (Income of $1,510 less allocated deduction for one-half of self-employment tax of $107) and a QBI deduction of $281. The 2020 program reduced the QBI to zero by also showing an allocated deduction for self-employed health insurance. Did I miss a change in this calculation for 2021 tax returns? Or is Lacerte not calculating this properly?
