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This is one of several significant problems with this year's program. It's ridiculous! I presume we'll have to manually adjust QBI for post TCJA Section 179, as...
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One of my partners just found this discussion on the issue...https://proconnect.intuit.com/community/lacerte-discussions/discussion/2018-nol-absorbtion-in-2019/...
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It appears that Lacerte is using pre TCJA law for post TCJA NOLs. Just checked one client and it is not limitingthe deduction of anNOL that was created in '18 t...
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Good argument...let's hope the IRS sorts this out soon.
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I see your point. However, I could see the IRS determining that if donations are paid out of the business, QBI needs to be reduced. Let's hope not.
