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Level 2
September 8, 2020
Question

Confirming where you enter the Net Section 481(a) adjustment in Lacerte

  • September 8, 2020
  • 1 reply
  • 21 views

For a change in accounting method - I am assuming that if the adjustment is negative # then would enter it as a deduction on the deduction screen - if the 481(a) adjustment is  a possitive # then it goes under Other Income screen for an S-Corp?

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1 reply

sjrcpa
Level 15
September 8, 2020

That's what I do.

The more I know the more I don’t know.
gobaerAuthor
Level 2
September 8, 2020

Thanks!  Much appreciated!  You're a Rock-Star! 

sjrcpa
Level 15
September 8, 2020

You're welcome. 

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