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How do you exclude rental income from K-1? It properly excludes from sch K when I check the box on screen 22 but carries to the K-1.

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Employee
Employee

I've looked further and found that this was reported to our developers on the 18th.  If you would like to be notified when issue INV-24963 has been addressed, you can contact support and make this request.  Otherwise, our next program update is scheduled for release tomorrow afternoon.  

Lacerte Release Schedule: https://accountants-community.intuit.com/articles/1738593&src=lsccom

You can also receive an email notification each time a program update goes live, by 'following' the ProConnect Lacerte Notifications - Lacerte Tax Program Updates for 2018 & Prior Years: https://accountants-community.intuit.com/announcements/1635976&src=lsccom

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@IntuitAlicia  Could you look into this? Additionally, when I go to special allocations for Other Sch K-1 line 20, QBI I do see that the amount has excluded the rents and the proper amount is there for me to manually split it up.  But line 20 code Z is unchanged.

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Employee
Employee

I've looked further and found that this was reported to our developers on the 18th.  If you would like to be notified when issue INV-24963 has been addressed, you can contact support and make this request.  Otherwise, our next program update is scheduled for release tomorrow afternoon.  

Lacerte Release Schedule: https://accountants-community.intuit.com/articles/1738593&src=lsccom

You can also receive an email notification each time a program update goes live, by 'following' the ProConnect Lacerte Notifications - Lacerte Tax Program Updates for 2018 & Prior Years: https://accountants-community.intuit.com/announcements/1635976&src=lsccom

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