Qualified business income (QBI) resources in Lacerte

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