SMP
Level 1
This widget could not be displayed.

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

Labels (1)
0 Cheers
sjrcpa
Level 15
This widget could not be displayed.

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
SMP
Level 1
This widget could not be displayed.

Thank you for your response.  Did you notice my level 1 vs your level 15?  Would you like to discuss tax resolution services?

0 Cheers
sjrcpa
Level 15
This widget could not be displayed.

No disrespect intended. Next time ask here first.

FYI-The levels just refer to how active we are on the forum.


ex-AllStar