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How can i toggle one rental on for qbi and one off (in the s-corp program)

leifknudsen
Level 1
 
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George4Tacks
Level 15

No toggle available. Maybe by the time 199A expires we will have it.


Here's wishing you many Happy Returns

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3 Comments 3
George4Tacks
Level 15

No toggle available. Maybe by the time 199A expires we will have it.


Here's wishing you many Happy Returns
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abctax55
Level 15
OK...that made me laugh :joy::joy:
"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
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itonewbie
Level 15

Your only option is to override.

Beware that if you have §179 deduction on the return, Lacerte defaults to including that in QBI, thereby reducing the amount.  We believe this is incorrect and have been in discussion with Intuit over the last few weeks.  Unless you agree with Intuit's position, you'd want to check the box to override that default treatment.

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Still an AllStar
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