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6
6265_2
Level 2
February 1, 2020
Question

Partner in a partnership is a trust. There is no selection for a trust. What do I select?

  • February 1, 2020
  • 2 replies
  • 12 views

Partner in a partnership is a trust.  Lacerte doesn't have the option of choosing a trust.  What do I select?  I have been using "individual" but other software has trust as a selection.

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2 replies

George4Tacks
George4Tacks
Level 15
February 1, 2020

Try using Fiduciary. First make sure that it is not using a SSN instead of a FEIN.

 

Answers are easy. Questions are hard!
    6
    6265_2Author
    Level 2
    February 1, 2020

    It's an FEIN so I will choose Fiduciary.

      George4Tacks
      George4Tacks
      Level 15
      February 1, 2020
      @6265_2 wrote:

      It's an FEIN so I will choose Fiduciary.

      Good choice.

       

      Answers are easy. Questions are hard!
      Just-Lisa-Now-
      Just-Lisa-Now-Intuit Community Champion
      Intuit Community Champion
      February 1, 2020

      ProSeries has the Trust option for a partner, Lacerte has got to have it.

      ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
        6
        6265_2Author
        Level 2
        February 1, 2020

        Not it doesn't have trust as an option

        Accountant-Man
        Accountant-Man
        Level 13
        February 1, 2020

        Fiduciary means Estate or Trust.

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