ncCPAp on the GO!

  • 1.  Drake Wrong on QBI

    Platinum Most Valuable Member
    Posted 03-29-2019 11:19
    Sheryl Rubenbauer  ( tax reviewer extraordinaire )  noticed that QBI and the related carryover of QBI to 2019, was not computed properly .   it relates to Reit and PTPS

    She notified drake and they put out a patch this morning.

    Kudos to her, but notice to the rest of us. Check your returns if they have not been issued, and watch carefully for negative  QBI Carryfowards to 2019. It was a substantial miscalculation creating a fictitiously large negative carryfoward, thereby reducing future benefits in 2018.

    According to drake, a simple recalc will recompute.

    Only  two weeks to the finish line... Strength to all...

    Abby Alhante
    Melville NY