Sara-BMTOK
Level 1
09-04-2020
04:07 PM
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I have a client who has over 30 K-1s. On their OK 511A Lacerte put a 20 subtraction and on the related statement it says "K-1 adjustment". When I use the jump to input field the input is blank. The K-1 reconciliations only show a 1 difference between federal and state K-1 income. None of the K-1s have any state adjustments or credits input. I have no idea where Lacerte is pulling this 20 subtraction from. Anyone have an ideas?
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