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Level 1
December 7, 2019
Solved

On K-1 Line 17 d, Other tax preference items excess IDC

  • December 7, 2019
  • 2 replies
  • 24 views
where do I input info
This topic has been closed for replies.
Best answer by PhoebeRoberts

In the Oil & Gas section of the K-1 input. You should have a diagnostic that says, "you entered IDC but not the excess IDC amount. Go enter the excess amount."

2 replies

PhoebeRoberts
Intuit Community Champion
December 7, 2019

In the Oil & Gas section of the K-1 input. You should have a diagnostic that says, "you entered IDC but not the excess IDC amount. Go enter the excess amount."

PhoebeRoberts
Intuit Community Champion
December 7, 2019
Once you've entered it, there's a calculation on the O&G worksheets that shows whether and how much of the excess IDC is an AMT adjustment. Lacerte's calculation of the AMT adjustment is reliable.
abctax55
Level 15
December 7, 2019

Input into which module?

HumanKind... Be Both
Level 2
December 7, 2019
Can you tell me how to input code 17D,E, & F from a K-1 to the fiduciary module?