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Level 2
January 10, 2023
Question

Alternative minimum tax adjustment of K-1's for fiduciary return

  • January 10, 2023
  • 1 reply
  • 11 views

Help to override the alternative minimum tax adjustment showing up on my K-1's!  I am trying to override the amounts that are coming over to the K-1's. 12A to be $0.00.  I am entering on the page 43 for overrides and enter "0" on the 12A field.  It is not adjusting the amounts that appear on the K-1.  Any help would be appreciated. 

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1 reply

sjrcpa
Level 15
January 10, 2023

In Lacerte, zero is "-1".

The more I know the more I don’t know.
Jenny8Author
Level 2
January 10, 2023

Thank you.  Thank worked. 

sjrcpa
Level 15
January 10, 2023

You're welcome.

The more I know the more I don’t know.