Thanks so much for taking the time to respond to my SOS. Your information, re: Form 8960 was quite helpful, for I seldom need to look for forms within the Lacerte inventory, that aren't automatically showing up.

My only follow-up question, should you have a moment, would be to know IF the K-1 L5 income is wiped out by the L-14h similar amount, shown as a negative. I tried several ways to enter the data but Form 1040 as additional income without consideration of the L-14h negative figure.

Huge $$ difference to the client so I don't want to make a "maybe" judgement. If you have the answer I would gladly accept it. 

BTW, the other beneficiaries had filed their returns prior to the K-1 being sent out. That is the reason they hadn't claimed the Line 5 income. With your assistance I might be able to pass the information on to them, this final week of tax season.

Sincerely, Bob