Skip to main content
Level 3
May 17, 2021
Question

Is there a way to preview a future year's taxes using expected income and expenses without alteriing current year?

  • May 17, 2021
  • 1 reply
  • 17 views

I'd like to be able to preview next year's taxes including tax loss carry forward impacts, but if I change income and expense in my 2020 return to expected 2021 income and expenses it will change my 2020 return.  Is there a format where I can preview future returns without impacting the current year return?

This topic has been closed for replies.

1 reply

Level 6
May 17, 2021

You have two options. You can either copy the client and remove the information and enter the carryovers to begin a projection. The other option would be to use the Lacerte tax planner.

MrD1Author
Level 3
May 17, 2021

Thanks, Tylor.  If I do the first, would I then need to purchase a return in order to see the return information?

Level 6
May 17, 2021

No you will not. We will only bill you once per SSN in a particular tax year. Even if you copy a client and have to get REP,  we will only bill.