Purpose: To provide an update regarding the Qualified Business Income Deduction (QBID) on returns prepared prior to the TaxSlayer update on February 6th, 2019.
Which report should I use to identify potential returns?
We recommend you use the Site Production Detail Report – Electronic and/or Site Production Detail Report – Paper
- Navigate to Management Reports
- Select the Report
- Narrow the number of returns by filtering your dates from a begin in January when your site started preparing returns and an end date of February 7th
- Choose either Run Report or Run Report to Export (You are eventually going to want to export this)
- You will need Excel to open the exported CSV file
- You can now sort on the Schedule C and/or Schedule CEZ
Below is how you can sort them at the same time:
This will result in the returns with a Schedule C and/or CEZ at the top of the list
- Now that you have a smaller subset of returns, you can verify the start date and the refund/balance due from the report.
Will the return automatically recalculate when I open it?
Yes, the return will automatically recalculate if necessary