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Level 2
March 17, 2023
New

Two passive loss K-1s

Related products:Lacerte
  • March 17, 2023
  • 3 replies
  • 2 views

Lacerte says that a return with two or more K-1 losses cannot be filed electronically due to system limitations even though this was not an issue in 2021 or 2022.

Why anyone would use Lacerte is beyond me. 

 

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3 replies

sjrcpa
Level 15
March 17, 2023

Is this for a state?

Or 1 K-1 with losses on Lines 1 and 2?

Or what?

The more I know the more I don’t know.
abctax55
Level 15
March 17, 2023

Then I'm going to be in big trouble come October with my client that has 40 +/- K-1's with PAL's

HumanKind... Be Both
IRonMaN
Level 15
March 17, 2023

Me thinks the pilot is having problems reading the instrument panel.

Slava Ukraini!