New
SELF EMPLOMENT INCOME REPORTED AS MISC INCOME-NOT ON SCH C``
Lacerte has a real flaw in that if you have someone who gets a 1099-NEC and reports that as self emploment income under the miscellaneous Income screen, and since they have no expenses to claim, they do not file a schedule C, but merely report it this way, Lacerte does not recognize that for purposes of the QBI section 199A deduction. Clients can only get the deduction by reporting on a schedule C, even if they have no expenses. TO ME THIS IS A FATAL SYSTEMIC ERROR THAT NEEDS TO BE CORRECTED IMMEDIATELY.
