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Level 2
February 8, 2022
Question

2019 election for earned income and qualifying for EIC

  • February 8, 2022
  • 1 reply
  • 6 views

Can anyone help me with this scenario.  Client has no 2021 earned income. 2019 earned income is greater than 2021.  Is client still eligible to elect  to use 2019 income.  Lacerte has a warning no earned income- support just wants me to over ride the diagnostic.  Seems like client has to have some earned income in 2021 to qualify.  Thoughts?

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1 reply

Level 15
February 8, 2022

A diagnostic just hasn't been updated for the lookback provision.  Earned income in 2021 is not needed.