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Level 1
December 7, 2019
Solved

Where does lacerte get EAL Line 21 income from

  • December 7, 2019
  • 1 reply
  • 9 views
the 1040 return has 4 partnership k1s but there is not statement no backup for the eal entry lacerte put on line 21
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Best answer by George4Tacks

ELA? Section 461(l) excess business loss adjustments. Enter “ELA” and the taxable amount on the dotted line next to line 21. See Form 461 and its instructions for more information.

1 reply

George4Tacks
Level 15
December 7, 2019

ELA? Section 461(l) excess business loss adjustments. Enter “ELA” and the taxable amount on the dotted line next to line 21. See Form 461 and its instructions for more information.

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