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Level 1
May 2, 2021
Question

Entering K1 Line 15 credits on a Fiduciary return

  • May 2, 2021
  • 1 reply
  • 6 views

Taxpayer, a Fiduciary, received a K1 with Line 15 credits for Code J-Work Opportunity Credit; Code L Empowerment Zone ..Credit; Code P Biodiesel Fuels Credit.  Where and how are each of these credits entered in Lacerte?

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1 reply

Level 6
May 5, 2021

You will go to Screen 38 - Other Credits and Withholding to enter these credits. Enter  the pass-through entity's EIN for each credit. As a reminder, Lacerte expects you to complete most of the source forms manually.