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Ty12345
New Member
September 10, 2026
Question

743(b) Box 20U

  • September 10, 2026
  • 2 replies
  • 36 views

Hello,

I am looking for some help generating K-1 box 20u for a 743(b) adjustment.

I have set up the assets in the depreciation screen and allocated it to the 743(b) Schedule K Only. It is generating box 13v correctly, but it will not generate box 20u.

Is there another check box or input I am missing? Any information helps!

2 replies

PhoebeRoberts
PhoebeRobertsIntuit Community Champion
Intuit Community Champion
September 10, 2026

Screen 22.1, Other Information, Other Items, Remaining 743(b) adjustment. Mind the note to specially allocate it once you’ve entered the numbers.

    IntuitKatie
    IntuitKatieModerator
    Moderator
    September 11, 2026

    This support article provides guidance on entering Section 743(b)/754 basis adjustments in Lacerte and may help with the setup:

    Making Section 743(b)/734(b)/754 basis adjustment election for Form 1065 in Lacerte

    Since Box 13V is generating but Box 20U is not, if you need additional assistance determining the appropriate Lacerte input, we recommend reaching out to Lacerte Support.

    Thanks for being a part of the Community!

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