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Level 2
January 12, 2021
Question

Form K-1 form 1065 non-conforming bonus adjustment

  • January 12, 2021
  • 1 reply
  • 8 views
since Lacerrte "automatically calculates states that do not follow Fed special deprecation" is "fed bonus adjustment for non-conforming state" (20Z2) still entered, or is this covered by Lacerte's automatic calculation?  If it is to be entered, Where?
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1 reply

George4Tacks
Level 15
January 13, 2021

I am unclear.

Are you asking about the K-1 for state? That would not be reflected on the 1065 K-1, but rather on the state K-1. 

Are you asking about entering the K-1 into the 1040, or creating the K-1 in the partnership module?

Answers are easy. Questions are hard!