Skip to main content
Level 1
February 3, 2023
New

Form 8995 - Qualified Business Income Deduction

Related products:Lacerte
  • February 3, 2023
  • 1 reply
  • 2 views

Does the Lacerte software automatically limit the QBID if the taxpayer's income is over the limits appropriate for that taxpayer's filing status.

This topic has been closed for replies.

1 reply

Level 6
February 3, 2023

My experience is it does.  Be sure to designate if the qualified business is a Specified Service Trade or Business for those limitations to be applied as well.