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Level 1
December 7, 2019
Solved

Does QBID automatically calculate? I have entered all info on a return but no QBID deduction has been calculated!!

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Ernie
ErnieAnswer
Level 7
December 7, 2019

On what form are you reporting the income?  Have you cleared up all the errors?

2 replies

Ernie
ErnieAnswer
Level 7
December 7, 2019

On what form are you reporting the income?  Have you cleared up all the errors?

Level 3
March 6, 2021

There is a problem with the 8995, which calculates the QBI limitation using Line 33 and 34 of the Form.  These are being incorrectly pulled by Lacerte on all of my returns with QBI. On many returns, the QBI is disallowed because the limitations are incorrect.  Check your numbers on the form to see if this is why your QBI has been eliminated.