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I have a client that received a Form 1065, K-1 with amounts labeled 20AH1 and 20AH2, and I don't know where to input them. I was on the phone with Lacerte yesterday and the representative could not help me. The 20AH1 is labeled "Gross Receipts" and the 20AH2 is labeled "E&P Depreciation Adjustment". These are Federal only entries. Are there any suggestions?
TIA
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E&P (Earnings & Profits) adjustment is only applicable if your client is a corporation.
Gross Receipts is included anywhere you need Gross Receipts on a Form or schedule.
You actually called support over this?
Ex-AllStar
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Thank you for your response. Did you notice my level 1 vs your level 15? Would you like to discuss tax resolution services?
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No disrespect intended. Next time ask here first.
FYI-The levels just refer to how active we are on the forum.
Ex-AllStar
