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Best Answer Click here
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Check your input under Taxes > Base Erosion Tax (8991).
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I am still not seeing anything. I have searched "8991" and "base erosion" can't find anything under 8991
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Can you be more specific about where exactly you see gross receipts showing up?
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Under Special Allocations (to partner capital accounts) - > total available.
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If you're preparing a 1065, that's from your input for Gross Receipts and Gross receipts for Section 59A(e) (AG) from passthrough K-1 under Schedule K > Passthrough K-1's on the tab for Line 20.
If this is not applicable, you can enter -1 (yes, negative 1, which stands for 0 PTO/Lacerte-speak) on the line for Gross receipts for section 59A(e) [Override], which is on the Less Common Scenario tab under Schedule K > Other Schedule K Items > Other Schedule K Items. This will eradicate the computed amount and what's available for Special Allocation.
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ok, thanks so much!
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@RB6Glad to be of help. If an answer solved your problem, please consider marking that a solution to help other users who may have similar questions.
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