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How does 2018 Lacerte calculate the QBI Simplified Worksheet, Line 6?

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Moderator
Moderator

Several input fields are used to calculate the qualified REIT dividends and PTP income or loss for the QBI Simplified Worksheet, Line 6, and Worksheet 12-A, Line 28. 

Items always included in the calculation:

  • Section 199A REIT dividends entered on screen 12, Form 1099-DIV, box (5)
  • Section 199A REIT dividends entered on screen 20.1, Partnership Information, box (20AC)
  • Section 199A REIT dividends entered on screen 20.2, S Corporation Information, box (17Y)
  • Section 199A REIT dividends entered on screen 20.3, Estate or Trust Information, box (14I)
  • Section 199A PTP gains entered on screen 20.1, Partnership Information, box (20AD)
  • Section 199A PTP gains entered on screen 20.2, S Corporation Information, box (17Z)
  • Section 199A PTP gains entered on screen 20.3, Estate or Trust Information, box (14J)

Note that while 199A PTP gains are always included for this calculation, losses entered in those same fields are subject to the passive activity limitations. If the Passive Worksheets allow a loss, a percentage is calculated then applied to the Allowed Loss for the activity. 199A PTP losses will not be limited in this manner if the K-1 is marked as Not a passive activity or as Delete next year (final K-1, free prior unallowed passive losses).

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