Entering K-1 Partnership Information into Individual Modual

Forum|Forum|6 years ago
February 7, 2020
1 reply
12 views

When entering Partnership K-1 into Individual tax return I am not able to put both the Partnership EIN and Partnership Name into Screen 20. When I enter one the other disappears. Has anyone found out how to correct this issue?

Lacerte Tax

This topic has been closed for replies.

George4Tacks

Level 15

Lacerte uses a recall table. It sounds like that has been a bit messed up. Here are some options:

Don't use the table = Settings > Options > Setup > Numerica Detail Input > Smart Input > change to Disabled
Fix the table = Settings > Table Editor > Partnership Information > Partnership name > Scroll through and delete those with blanks and those that have more than one EIN (you can do this for your whole table). It is generated by bad input by a preparer and this is the only way to fix it. I like the table and I spend some time every few weeks tweeking it.
While in the entry click the down arrow and select Modify - That will get you to step 2, above.

Step 1 will avoid steps 2 and 3, but it will mean you will have to enter all detail for every W-2, 1099, K-1 name, etc from scratch.

Answers are easy. Questions are hard!