1065 Special Allocations - Default Rounding Partner

Forum|Forum|3 years ago
October 13, 2022
2 replies
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Using special allocations w/% for a Series LLC. Somewhere in Lacerte I know there is an option to designate a partner for rounding purposes and I cannot find it anywhere. The default is set to Partner #1 and I'd like to change it to another person to get the random $1 when my special allocation percentages can't make a whole number. If someone can direct me to the screen I will be forever grateful. Thank you!

Lacerte Tax

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Best answer by IntuitRebecca

Hi there,

You can set a different rounding partner on the Misc. Info screen - the field is labeled "Rounding partner number [Override]". I believe this is screen 3, but let me verify.

- Rebecca

IntuitRebeccaAnswer

Level 6

Hi there,

You can set a different rounding partner on the Misc. Info screen - the field is labeled "Rounding partner number [Override]". I believe this is screen 3, but let me verify.

- Rebecca