The Dec 12 Lacerte update finally includes QBI calculations. But for a specified service business in the phaseout range, it does not seem to calculate pro... read more
184 pages of fun posted today:
https://www.irs.gov/pub/irs-drop/reg-107892-18.pdf
Favorite part I've read so far: "Estimated total annual reporting b... read more
Everything I'm reading says this is not the case, sole props are considered pass-thru also and are eligible for this just like LLCs.Am I misunderstanding how it... read more
I found a link to the Section 199A QBI deduction on Schedule C worksheet but I could not find a similar link on Schedule F worksheet. Will this ... read more
Taxpayer is fully employed in a non-real estate occupation. He also owns three rentals/condos, in which he collects the rents, hires repairmen, etc. (he i... read more
The preamble to the Section 199A final regs gives the option of using the proposed regs for 2018 tax returns (all final or all proposed, no cherry-picking).&nbs... read more
1 When aggregating multiple properties under section 199A Rental real estate safe harbor statement, does the section 199A safe harbor statement(s) require a sig... read more
Is anyone else angry that Lacerte is not planning to release their tax planning software for the 2018 tax year until November? We just can't believe they ... read more
