philiplchancpa
Level 1
02-12-2020
07:13 PM
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I have an S corp client elected accounting cut-off due to a change in shareholder ownership during the year. Therefore, I have to specially allocate the ordinary income in Lacete. I was able to override that in the K-1 override screen but I couldn't find a field to override the QBI amounts. Does anyone have any experience on this one? Thanks.
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Mag_a_rita
Level 1
02-12-2020
07:23 PM
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in 2019 Lacerte screen 27 Other schedule K items>Section 199a(QBI) information has overrides for QBI
philiplchancpa
Level 1
02-12-2020
07:48 PM
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Thanks, Mag_a_rita. I think screen 27 only allows you to override the total QBI. I am still having trouble specially allocate the QBI amounts among shareholders.
