I am new to Lacerte and cannot find exactly how to enter excess distributions reported on Schedule K-1 Form 1065 line 19a into the individual model. The best I have found is that it needs to be entered on screen 17 under dispositions. What I can't seem to figure out is how to enter it on that screen. The excess distributions should be reported under capital gains with a lower tax rate but Lacerte is not separating the amount and my client is being charged additional tax. How do I enter this so that the tax calculates correctly?
Solved! Go to Solution.