gary-osterhout
Level 1

Lacerte says: Lacerte will flow information to all forms that it believes may be necessary for the return. If Form 8991 is not bolded, then this means that Lacerte does not believe it should be included, however it is up to you as the tax preparer to determine that the return is correct. If you are unsure, I would post a question in the Accountants Community for guidance on this form. 

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George4Tacks
Level 15

If you are unsure, then you should read the instructions https://www.irs.gov/pub/irs-pdf/i8991.pdf

In particular, page 2 Who Must File. If the answer is NO, then you do not need to file. DO BE SURE TO CHECK THE INPUT for screen 32 (C Corp) to verify that the 3-Year Average Gross Receipts are correct for the 3 preceding years. 


Here's wishing you many Happy Returns

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