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- 8995-A Schedule C Line 2 Loss Netting
8995-A Schedule C Line 2 Loss Netting
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JaredVZ
Level 2
04-16-2020
12:58 PM
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2019 Lacerte is generating a number on Form 8995-A, Schedule C which includes both Line 16 from the 2018 Simplified Worksheet AND the amount entered in Lacerte 2018 Rental real estate income (loss) for the K-1s that sustained a loss in 2018. In addition, the 2018 Rental real estate income (loss) for the K-1s that sustained a loss in 2018 was transferred to 2019 Lacerte under the K-1 input screen under Prior Year Unallowed Passive Losses, QBI, 2018 Ordinary or rental loss and 2018 QBI ordinary or rental loss. Both 2018 and 2019 have overall rental losses. Is Lacerte calculating this correctly or should the carryover only include the PY Line 16 of the Simplified Worksheet?
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1 Comment 1
JaredVZ
Level 2
04-20-2020
01:08 PM
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This question is no longer relevant. I incorrectly forced QBI in 2018 causing the problem stated in my question. I had to fix it in 2019 Lacerte.
