brent
Level 3
03-11-2021
12:24 PM
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Hi Darcia,
Nice to see your reply! With new K-1 rules, looks like the IRS is putting more focus on the numbers and trying to ferret out abusive transactions within partnerships. Still, it seems odd that Lacerte would make §59A reporting automatic, when it likely does not apply to a great majority of users (thank goodness!). Agreed, Lacerte, please add a "§59A Not Applicable" field!
Thank you,
Brent Sweet CPA