Why are many fields marked with the wrong state when proformaed?

Forum|Forum|2 years ago
June 6, 2024
1 reply
13 views

It seems that there are many fields (carryovers, etc) that are marked with the non-residential state during the proforma process. I'm not sure what this could potentially affect, but it makes me nervous so I end up changing the state back to the residental state. Does the "Database Report State" field on screen 1 Client Info (under Miscellaneous Info) mean anything? It also usually seems to default to the non-residential state even though Lacerte help says that field should match the Resident State as of 12/31. It often doesn't. Any thoughts?

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PhoebeRoberts

Intuit Community Champion

Sometimes the state-specific proforma items are actually relevant to the non-resident return. Lacerte does a surprisingly good job keeping track of state-specific passive loss carryforwards.

I keep an Excel file so I know what the state-specific items should be, and can correct them as needed. Most of the time, the corrections are for "-1 errors" - when there's actually a dollar of calculated loss and Lacerte interprets the result of the calculation as zero.

J

JEJAuthor

Level 2

I agree that Lacerte is pretty good at the state specific things - EXCEPT when it comes to the proforma process. It seems many times all the PAL carryovers are coded to the non-resident state and not what it should be. Has anyone else experienced that.

D

DatabaseRobertLTUG

Level 5

The biggest thing that I have seen the Database State field used for, is that the [client#].?Z# file in the /Notes/ directory is always for that state. [Where ? is the module letter, and # is the terminal digit of the year.]

That 'Z' file shows the state forms used for THAT state, for billing purposes. No other states' form info is saved anywhere that I have been able to find.

Robert Kirk
LTUGtools

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