In the 25 years I've been using Lacerte, I have never had to override the debt basis calculation in the 1040 package. Nor do I have to make any overrides to get it to do it right this year.
Basis worksheet:
K-1 input:
Basis Limitation input:
In the 25 years I've been using Lacerte, I have never had to override the debt basis calculation in the 1040 package. Nor do I have to make any overrides to get it to do it right this year.
Basis worksheet:
K-1 input:
Basis Limitation input:
