brent
Level 3

If you don't mind it, I don't see it as an issue.  It depends on your client and tax information user base.  We prepare many real estate partnership returns and send K1s out to a lot of limited partner investors.  With all the tax code "simplification,"  partnership reporting is getting more and more complex.  There are more disclosures and notes appearing on the K1s, for §163J, §199, and now regarding tax basis adjustments.  There are always phone calls and questions every time new data appears on an investor's K1.  I don't need to create any more confusion by presenting "Foreign Transaction" numbers that are entirely unnecessary.  "What are all these foreign transaction numbers?  I though we owned a shopping center in San Bernardino!  What is going on?" Lacerte should provide a suppress option.  Have a great tax season! 

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