TaxGirl3
Level 5

Trust receives a K-1 reporting a loss that should be limited by the basis limitation (K-1 from an 1120S to an ESBT).  Is there a way to track that in Lacerte?  Or do I rely on Excel and only input in Lacerte amounts that are not limited by basis?

Thank you!

0 Cheers
sjrcpa
Level 15

"rely on Excel and only input in Lacerte amounts that are not limited by basis"


Ex-AllStar

View solution in original post

TaxGirl3
Level 5

I answered my own question, but now I know I answered it correctly.  Thank you! 😀

sjrcpa
Level 15

You're welcome.


Ex-AllStar
0 Cheers