How do you enter Section 1043 Conflict-of Interest Sales on part IV of form 8824 in Lacerte tax?

Forum|Forum|4 years ago
August 18, 2021
1 reply
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Lacerte Tax

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Best answer by PhoebeRoberts

Maybe @sjrcpa or @PhoebeRoberts or @abctax55 have an idea of how to do. I don't see the solution.

Looks like that whole section of the 8824 is unsupported by Lacerte. I think you're going to have to manually complete it and either attach as PDF, attach to an 8453, or file the whole return on paper.

George4Tacks

Level 15

Before we go further - Can you verify that your client is an officer or employee of the federal government or judicial officer of the federal government?

This is a pretty obscure section of the form, do you really need to go there?

Answers are easy. Questions are hard!

D

DSICPAAuthor

Level 2

My client was an executive with Goldman Sachs. He left them and went to work for the Securities and Exchange Commission. He received a Certificate of Divestiture from the US Office of Government Ethics for 5 specific assets to which section 1043 apply for the nonrecognition of gain.

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