How to Enter separate activities from a single K1?

Forum|Forum|4 years ago
December 28, 2021
2 replies
15 views

What screen do I use to enter separate activities from a single K1?

I have K1s that may have 4 real estate properties. I want to be able to enter in each activity vs the total number to track specific items. ie - we sell one property and it frees up PAL

This topic has been closed for replies.

E

evietax

Level 3

I have asked for this change multiple times. If CCH can do it, why can't Lacerte do it?

S

StknCPA

Level 5

And CCH was already doing this when I last used it, which is at least 15 years ago. Probably 20.

PhoebeRoberts

Intuit Community Champion

I personally just set up each activity as its own K-1, and maintain the combined basis schedule in Excel.

E

evietax

Level 3

This is a very common situation and should definitely not require a workaround.

As I said, if CCH can do it, Lacerte should definitely be able to do it. Can't understand why they don't address the issue.

T

TaxGuyBill

Level 15

@evietax wrote:

As I said, if CCH can do it, Lacerte should definitely be able to do it. Can't understand why they don't address the issue.

Every software is different. If the software was programmed exactly the same, there would not be a need for more than one type of software.

If you like how CCH is set up better than Lacerte, then use CCH.

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