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Level 2
May 16, 2020
Question

Form 114 - Part V

  • May 16, 2020
  • 1 reply
  • 18 views

Is there a way to generate a consolidated Form 114 - Part V - Information on financial account(s) where filer is filing a consolidated report in Lacerte? This is for a corporate return. 

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1 reply

itonewbie
Level 15
May 16, 2020

Are you using PTO or Lacerte to prepare the FBAR?  PTO's input and layout work almost exactly the same way as Lacerte.

If you could clarify your question and what you are trying to accomplish, someone may be able to give you a better response.

---------------------------------------------------------------------------------Still an AllStar
patr45568Author
Level 2
May 16, 2020

Thanks for the response. Sorry, I'm working in Lacerte, not PTO. Posted this to the wrong board. 

I'm filing a return for a corporation that owns more than 50% of a subsidiary with a foreign account and FBAR filing requirement. I'm basically trying to generate Part V of Form 114 to include the subsidiary on the FBAR filing however I have not been able to figure a way to get it populate. 

qbteachmt
Level 15
May 16, 2020

"Posted this to the wrong board."

 

It's in Both Places. Why not put the missing details in the Lacerte topic, to get the Lacerte answers:

https://proconnect.intuit.com/community/lacerte-discussions/discussion/form-114-part-v/01/85427#M16351

Thanks.

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