August 18, 2023

There are ghost amounts that carry over to the 1040 from the S Corp K-1 Transfer.  One is shown in the image.  Even though it appears in blue I did not input the 11,909.  I can't prove it but I have a strong feeling based on the second issue described below Lacerte K-1 ghost entry.png

 

This is the second case.  Entries in the supporting detail for Screen 48, Code 104 will come over to the 1040 in the K-1 Transfer process. I verified this transfer error and I deleted the improper detail from the 1040.

Tax preparers please be aware.

@IntuitGabi Would you try to forward my comment to the software people?  These are serious flaws.

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