matt2
Level 1
12-06-2019
10:57 PM
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According to the Journal of Accountancy article dated January 22, 2019, The IRS released proposed regulations to amend Prop. Regs. Sec. 1.199A-3(b)(1)(iv) to provide that previously disallowed, suspended, limited, or carried over losses are taken into account for QBI purposes on a first-in, first-out basis and are treated as from a separate trade or or business.
Is there away to override the QBI calculation in Lacerte to include the S Corp loss carryforward from 2017 into the 2018 QBI calculation?
Is there away to override the QBI calculation in Lacerte to include the S Corp loss carryforward from 2017 into the 2018 QBI calculation?