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Lacerte entry of 199A information

PaulP
Level 1

Where in Lacerte (Never mind, found it.)

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IntuitKatieB
Moderator
Moderator
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4 Comments 4
IntuitKatieB
Moderator
Moderator

It seems like you may have found your answer, but here are some helpful resources for entering 199a information into Lacerte:

Lacerte QBI - Simplified Worksheet 

Lacerte QBI - Complex Worksheet

Lacerte QBI - Rental Real Estate Activities

Marking Schedule K-1 if Entity is Specified Service Trade or Business (SSTB)

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JLaub
Level 1

Is there a way to generate a 199A deduction based on the Misc Income s/t S/E  tax entered on Form 14?  Seems like this would be automatic?

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IntuitJim
Employee
Employee

@JLaub income entered on Lacerte screen 14.1 flows to line 21 Other Income, which would not rise to the level of a pass-thru entity, and therefore not included in the QBI deduction calculation. If you want the income to be included, you will need to include it on a pass-thru like schedule C or F.

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JLaub
Level 1

Ok.  Thanks for the reply.  But, can you give me one instance where income input onto the Misc Income line S/T S/E tax would NOT be available for the QBI deduction?  I would think it would be automatic.  

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