Level 2

Lacerte entry of 199A information

Forum|Forum|7 years ago
February 13, 2019
2 replies
16 views

Where in Lacerte (Never mind, found it.)

This topic has been closed for replies.

Moderator

It seems like you may have found your answer, but here are some helpful resources for entering 199a information into Lacerte:

Lacerte QBI - Simplified Worksheet

Lacerte QBI - Complex Worksheet

Lacerte QBI - Rental Real Estate Activities

Marking Schedule K-1 if Entity is Specified Service Trade or Business (SSTB)

J

JLaub

Level 2

Is there a way to generate a 199A deduction based on the Misc Income s/t S/E tax entered on Form 14? Seems like this would be automatic?

IntuitJim

Level 5

@JLaub income entered on Lacerte screen 14.1 flows to line 21 Other Income, which would not rise to the level of a pass-thru entity, and therefore not included in the QBI deduction calculation. If you want the income to be included, you will need to include it on a pass-thru like schedule C or F.

J

JLaub

Level 2

Ok. Thanks for the reply. But, can you give me one instance where income input onto the Misc Income line S/T S/E tax would NOT be available for the QBI deduction? I would think it would be automatic.

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