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Does anyone know if Lacerte will have some kind of client worksheet (perhaps with the organizer) for clients to fill in to see if their rentals qualify for QBI?

Marianne3
Level 1
 
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abctax55
Level 15

Given that the decision as to whether each rental rises to the level of a trade or business is a "facts & circumstances" situation, I don't think a "client worksheet" is something Lacerte would even consider.

That's what each of us, as a professional tax preparer, will need to do.  Oh joy.

(I wanna be a member of the pot stirring club too)

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abctax55
Level 15

Given that the decision as to whether each rental rises to the level of a trade or business is a "facts & circumstances" situation, I don't think a "client worksheet" is something Lacerte would even consider.

That's what each of us, as a professional tax preparer, will need to do.  Oh joy.

(I wanna be a member of the pot stirring club too)

View solution in original post

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George4Tacks
Level 15

I like the lastest Flash e-mail from Spidell https://www.caltax.com/news/flash-email/2018-23-irc-%C2%A7199a-information-released-in-draft-publica...  

Even if you don't do California taxes, this free subscription is well worth the money. https://www.caltax.com/news/flash-email/


ex-AllStar
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