AndreaSReich
Level 1
04-06-2022
08:52 PM
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In Lacerte if you re-export the K-1 from a Partnership or S-Corp after you have previously done an export the software does not always remove all items that no longer apply. I was having problem figuring out why my QBI income was approx. $180K less than income on K-1. Turns out when I changed from Sec 179 to Bonus depreciation Lacerte still had the Sec 179 in the K-1 screen Line 17. I needed to either delete the erroneous Sec 179 OR delete the whole K-1 and re-export from the 1120S. Worked like a charm. Right QBI income.