yes however each state has its own rules so applied for worked to efile the federal return, but some states applied for was rejected. I had to call and they required something different like all 9's to accept an efile. Lacerte helpline wasn't helpful on this topic the community responses were very helpful and calling the state help line directly was helpful to find the efile workaround since some states have different requirements when the tax id is not yet received by the signing officer.

You might deal with normal localities but a place like NYC which can take up to a year to get the court to appoint an executor/administrator in normal times then add being closed for months during covid lockdown and it goes over a year with ease where the family can’t do anything like in this case.  So your saying prep 1099’s from the decedent to the estate for the income, but isn’t that already late filing for calendar 2020? If I did the nominee distribution is the 1099 required or would a statement explaining the split income filed with the tax return suffice? I’m kind of tempted to put the whole 2020 income on the final 1040 and use the estate 1041 for 2021 income assuming there really is no little guy with a green eye shade looking that you may have missed I had a similar issue with savings bonds they were cashed by the estate and passed the interest income out in the DNI to the beneficiaries so the tax was much lower when divided up by a few beneficiaries on their personal returns then including a much larger income amount on the decedents final return. 

Going forward the passive loss limitation is capped with a MAGI above 150k which they will be so it does them no tax benefit to take full bonus depreciation this year and the state does not follow federal so its best to not take it for improvements made in 2020. In Lacerte when entering in the asset there is a box to check to not calculate bonus or SDA depreciation. By checking the box on screen 22 the asset input screen you change the calc to the entire useful life not the full year first year depreciation in 2020. However it does not add in the election to the tax return, it has an informational diagnostic stating you did not make the election but it does not prevent an efiling of the return. So my question is is the election required to opt out of bonus depr if its not there will it bring any IRS questions or any unwanted correspondence or do we have to make the official election and make it part of the return?     

That's true however you can show the gross interest earned then show the tax exempt part which nets on schedule B which gives a detail of what was entered, sort of a road map. It seems like lacerte does not show the gross amount on schedule B then shows the tax exempt part as an adjustment which nets to the taxable number. I guess its in presentation but gets to the same total on the 1040. I saw your other reply about a worksheet in lacerte I don't see one in the file I see a list of taxable interest income only so the non taxable income doesn't show up anywhere except on line 2a of the 1040. Is there a worksheet im missing of detail which shows all these adjustments?      

Hi George, Thanks for the reply, if I am understanding your treatment. You create multiple 1099 lines for the same 1099 on the interest screen #11 and give them different descriptions to breakout or gross up the detail where if we use one screen and enter all the data lacerte seems to net it all together and nothing shows up on schedule B. I'm assuming you do the same for 1099 OID for the box 6 and box 11 where the amounts go in and out in the same amount and do not show up on schedule B either if you have the in and out on the same OID adjustment line. But do they show up on Schedule B using your method, I don't see any detail showing up on Schedule B and there is over $1,500 of non taxable interest.     so they all show up on schedule B. 

Yes I should have stated ITIN not an SS#. But I'm filing form 1120 and if you look on the detail screen or input screen#2 on the 1120 form you will see the required officer info. I disabled the efile diagnostics and efiled I will let you know if its accepted or if I have to file a paper return. 

The signing officers name, address & ITIN are required to efile Form 1120 which goes on detail section form 2. With one of the items missing the efile will be rejected for all Form 1120's. You may be confusing with a different form or in looking at Form 1120 you would be correct its no where to be seen but its required for efiling.  I'm trying to see if anyone can efile without an officer ITIN which is in process or if this has to be paper filed, or if I turn off the diagnostics and efile will it be accepted? 

its required for the signing officer on page#2, name, address ss# etc. the return cannot be efiled missing that info. my guess is this will have to be paper filed with an explanation unless someone knows how to efile with a missing ss# which has been applied for but not yet received by the signing officer.