Has anyone ran into the issue where they had a client who had a QBI Loss Carryover from 2018 that was washed by QBI income in 2019 but Lacerte is still showing that they have a QBI Loss Carryover to 2020.
2018 QBI Loss (20,000)
2019 QBI Income 25,000
After netting with prior year loss the figure used to calculate QBID is 5,000 so QBID is 1,000. Lacerte is showing a QBI Loss Carryover to 2020 of (19,000) when there should not be one, correct?
Thanks in advance!