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Can an administrrator please contact me ? I beleive there is a problem with the computation of the QBI deduction when there are PTPs with both QBI income and QBI losses.

jeffrey1
Level 2
 
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abctax55
Level 15

You'll need to contact Intuit directly; this is a forum of peer-2-peer users.

Call technical support, OR give us the details & we might be able to help.

"*******Tax software is no substitute for a professional tax preparer*******
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6 Comments 6
PhoebeRoberts
Level 11
Level 11
Lacerte 2018 did it wrong until the end of September or so.
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jeffrey1
Level 2
Lacerte originally netted PTP QBI income and losses and computed the QBI deduction on the net.  Know, they are no longer netting....
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PhoebeRoberts
Level 11
Level 11
Actually, Lacerte originally netted PTP QBI income with all PTP QBI losses, regardless of whether they were freed up. Then in September, an update corrected the calculation so that only permissible PTP QBI losses were netted out.
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jeffrey1
Level 2
thanks, Lacerte claims there gas been no change.  Very frustrating.
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jeffrey1
Level 2
*has
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abctax55
Level 15

You'll need to contact Intuit directly; this is a forum of peer-2-peer users.

Call technical support, OR give us the details & we might be able to help.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
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