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Qualified business income (QBI) resources in Lacerte

by Intuit• Updated 6 months ago

Want to learn more about QBI Deductions with Multiple Entities?

You can watch our webinar on How to plan for Multiple Business Entity Impacts on the Qualified Business Income Deduction. See here to view the recording.

The following articles are frequently asked questions regarding qualified business income (QBI)

  • Overview of the qualified business income (QBI) deduction
  • Understanding qualified business income (QBI) reductions
  • What is Specified Service Trade or Business (SSTB)?

Lacerte product content

  • How to enter and calculate the qualified business income deduction, section 199A
  • How to enter qualified business income in Partnership and S-Corporate returns
  • Rental real estate and Qualified Business Income
  • Understanding QBI rental real estate safe harbor election
  • How to show aggregation of business operations Section 1.199A-4
  • Marking Schedule K-1 if Entity is Specified Service Trade or Business (SSTB)
  • Depreciation assets are missing from the QBI calculation

Additional resources

  • IRS Final Regulations 199A
  • IRS Pub. 535
Lacerte Tax

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