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Level 3
July 10, 2020

QBI

  • July 10, 2020
  • 1 reply
  • 10 views

I've been dealing with Lacerte since the end of May trying to get an issue resolved.  On line 6 of Form 8995, originally the program was reducing QBI by PTP current year losses that were suspended.  That has been corrected, but now it's NOT reducing QBI by current year PTP deductible losses (final year K-1).  Any idea what's going on here?  I've spent hours on the phone.

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    1 reply

    Level 3
    July 10, 2020

    This appears to be incorrect and I have forwarded it to the appropriate department for further evaluation. Thank you for bringing this to our attention and we apologize for any inconvenience. 

    Michael D