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Level 1
August 6, 2024
New

partnership box 20 code U for 743(b)

Related products:Lacerte
  • August 6, 2024
  • 4 replies
  • 0 views

In the partnership module, screen 22, there are fields to enter the "remaining 743(b) adjustment" to appear in box 20, code U.

Those fields do not allow the entry of negative numbers.  

However, 743(b) adjustments can be negative [ aka  a "step down" ]

Lacerte should allow the entry of negative 743(b) adjustments in these fields that can be allocated to the relevant partners

4 replies

Level 2
February 5, 2025

great

Level 2
February 6, 2025

i agree, good idea

Level 2
February 6, 2025

Agree, would like to see this change asap. 

Level 2
February 6, 2025

Yes, can we get this change in asap?