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Level 2
August 30, 2020
Question

Individual module Where enter k-1 line 13 code v

  • August 30, 2020
  • 1 reply
  • 15 views

In the Individual module how to enter a Partnership K1, line 13, code V (re 743b)? It should act to reduce income and also reduce QBI? It appears the Lacerte input is still coded to deal with DPAD, not 743b

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1 reply

PhoebeRoberts
Intuit Community Champion
August 31, 2020

The 743(b) adjustment should have already been made to the amounts in Box 1.