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Level 1
January 19, 2023
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A report to be generated to provide to other tax preparers for percentage of owners in case of not 100% (i.e. the other nonpartner) of their % (share) of income & expenses.

Related products:Lacerte
  • January 19, 2023
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A report to be generated to provide to other tax preparers for percentage of owners in case of not 100% (i.e. the other nonpartner) of their % (share) of income & expenses. 

For example in a Partnership return on screen 17 where I input under "Percentage of Ownership Not 100%, I would like Lacerte to generate a report to provide to other tax preparers the "minority interest" breakdown of income and expenses of the non partner.

 as well as certain balance sheet amounts to be allocated

to non partner owners (i.e. real estate with outside direct ownership such as a "Tenancy In Common"

arising from like kind exchange transaction by other than partner direct owners).

Case reference #1593454212

 

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1 reply

BobKamman
Level 15
January 19, 2023

Are you planning on signing those returns, because you helped prepare part of them?