Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Other Schedule K (27)?

annlees
Level 1

Is the override for Section 199A QBI on Other Schedule K (27) items working correctly? I input a zero for the override  but it is taking a negative number on page 1 (MA Corp Income Tax Deduction of $456) and allocating it to the shareholders. I also checked the box above it to exclude rental activities which it is.

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Best Answer

Accepted Solutions
George4Tacks
Level 15

GENERALLY, Lacerte sees a zero as a nothing, a blank, a non entry. 

If you really want a 0, you gotta use -1. The rarely causes a problem, since there is seldom a place that really needs a -1. 

Put -1 instead of zero and see if that gets you where you wanna be. 


Answers are easy. Questions are hard!

View solution in original post

0 Cheers
2 Comments 2
George4Tacks
Level 15

GENERALLY, Lacerte sees a zero as a nothing, a blank, a non entry. 

If you really want a 0, you gotta use -1. The rarely causes a problem, since there is seldom a place that really needs a -1. 

Put -1 instead of zero and see if that gets you where you wanna be. 


Answers are easy. Questions are hard!
0 Cheers
annlees
Level 1
Yes, that did the trick. I should have thought of it. Thank you.
0 Cheers