taxlady2008
Level 3
06-12-2020
08:27 PM
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I noticed that Lacerte actually adds the charitable contribution (not subtracts) when the individual does NOT itemize and doesn't benefit from the charitable contribution deduction. It appears that an S-corp has to deduct it from QBI because they are already benefiting from the Sch A deduction. If you didn't deduct it, you would be double dipping. Does this sound right?