Skip to main content
Level 1
September 26, 2022
New

Non-taxable PPP income included in AMT income

Related products:Lacerte
  • September 26, 2022
  • 0 replies
  • 0 views

K-1 box 16b (1120S), other non-taxable income, which is the non-taxable PPP income, is being included in AMT income when it flows over to the individual module.  It should not be included in AMT income, but in AMT basis.  This did not happen in the 2020 Lacerte.  Something has changed and it is not flowing properly now.  Please fix.

This topic has been closed for replies.