Client is general partner in an LLC taxed as a partnership. His K-1 end of year basis is negative and a box 19 distribution of $22k. The K-1 Box 20 code X is fo... read more
When you have a foreign beneficiary, if you do not enter a state in the beneficiary input screen 6, you get a critical e-filing diagnostic. This question was as... read more
The following diagnostic is generating: For form 561-S, Property #3, the type of property sold is required for Oklahoma e-file. The Oklahoma exempt capital gain... read more
Does Lacerte automatically figure out the special depreciation addition and subtraction on IL-4562 or does this require a manual input. The Illinois form 4562 i... read more
Does Lacerte generate the Generation Skipping Tax return 706GS(D)?I have a client with a 706GS (D-1) form, showing $30k of Generation skipping income.I don't se... read more
Where do I input a tax refund from the prior year to the current year return? I tried inputting on screen 7.1 but it doesn't flow on to Line 26 of the next year... read more
Accrued Interest PaidMy client purchased a US Treasury and the interest from it was $40K in 2022, and he also has an accrued interest paid in $26K. He did not c... read more
In April 2024, I e-filed a client's 1040 and California resident return.After filing, client presented a small W-2 from DC that now requires a DC return to be f... read more
Every time I try to efile a MS partnership or S-Corp return I get an error message (error 0100) that says the signature of the Business representative was not t... read more