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Is the qbi functioning yet in proseries?

gemtaxes
Level 1
 
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rbynaker
Level 13

My Schedule C is finally getting the right answer.  I suspect there are still some bugs to work out for the K-1 stuff.

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9 Comments 9
rbynaker
Level 13

My Schedule C is finally getting the right answer.  I suspect there are still some bugs to work out for the K-1 stuff.

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IRonMaN
Level 15
So it is kinda working.  Just like the question was kinda vague.  

Slava Ukraini!
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rbynaker
Level 13
In my case, the "doesn't subtract 1/2 SE tax", the "doesn't subtract employer retirement contributions" and the "doesn't understand the term net capital gain" bugs have all been fixed.  Mostly I think that's due to the IRS releasing the new regs last week.

I suspect there are still plenty of situations where the math is still broken, but heck, several examples in the new regs are wrong.  Clearly the IRS personnel in charge of proofreading and QC have been deemed non-essential.
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IRonMaN
Level 15

Kinda.


Slava Ukraini!
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abctax55
Level 15

Depends....

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
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IRonMaN
Level 15
Kinda depends?

Slava Ukraini!
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abctax55
Level 15
You shoulda' given me a no vote :stuck_out_tongue_winking_eye::stuck_out_tongue_winking_eye:
"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
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abctax55
Level 15
Sorta' kinda' maybe?
"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
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IRonMaN
Level 15
I think I saw someone once post here that the answers are only as good as the questions. :grimacing::grimacing:

Slava Ukraini!
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