PhoebeRoberts
Level 11
03-15-2020
10:48 AM
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Neither PTPs nor Lacerte lend themselves to assuming that you can plunk numbers in the software and have the correct answer fall out. You cannot rely on Lacerte to handle QBI on a PTP K-1 correctly this year (or last year, which means the proforma wasn't right, either). You need to know the answer you expect and to maintain your own Excel calculation.
None of the items you're asking about are relevant to QBI, so they don't go in the QBI grid.