Partner in a partnership is a trust. Lacerte doesn't have the option of choosing a trust. What do I select? I have been using "individual" but other software has trust as a selection.
Try using Fiduciary. First make sure that it is not using a SSN instead of a FEIN.
ProSeries has the Trust option for a partner, Lacerte has got to have it.
Not it doesn't have trust as an option
It's an FEIN so I will choose Fiduciary.
Fiduciary means Estate or Trust.
@62 wrote: It's an FEIN so I will choose Fiduciary.
Good choice.
What if it is using the person's SSN? If the trust is a revocable trust. I would think to use Individual.
