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Level 2
August 26, 2021
Question

Federal basis limitation worksheet goes away when you input a distribution for an S-Corp in Lacerte for form 1040

  • August 26, 2021
  • 1 reply
  • 7 views

Maybe I am misunderstanding the application of the federal basis limitation worksheet but why would it go away once I input a distribution for an S-Corp on an individual return form 1040? I am using Lacerte. By go away, I mean the worksheet completely disappears. 

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1 reply

TO1Author
Level 2
August 26, 2021

Never mind, I was able to override it and make it print as a statement by going to screen 3.