Activity Feed
- Posts
- Replies
-
Re: adjusting QBI for depletion/IDC in a partnership with a passive loss not allowed in current year
never mind - there was some user error - it looks like it is working now. Thanks for the advice!! -
Re: adjusting QBI for depletion/IDC in a partnership with a passive loss not allowed in current year
sorry for a follow up but I still don't think this is working correctly. In my example above, the taxpayer has a $2,500 passive loss that is NOT allowed for 202... -
Re: adjusting QBI for depletion/IDC in a partnership with a passive loss not allowed in current year
Thanks Phoebe - this partnership is old enough that it has flipped over to limited (though I don't think the "once the well pays out" ever worked real well on t... -
I have a client who has a passive oil partnership where the K1 shows ordinary income in box 1, IDC expenses in box 13j and depletion in box 20t. For the QBI inf...
-
That is an interesting question - in previous years Lacerte allowed Nevis to be listed as the country by itself but this year it won't. I think I will change it...
