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?

[IntuitAlicia · Accepted solution]

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]

The most current version of the program includes these adjustments.

[maughact]

great!

[IntuitAlicia]

2018 QBI Reduced by Self Employment Tax, Health Insurance, and Retirement Contribution Deductions: https://accountants-community.intuit.com/articles/1798095&src=lsccom