LarryG's Posts

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LarryG's Posts

I received a Sch K-1 from a partnership for an IRA that reported UBTI and also reported QBI relating to the UBTI.  According to the IRS, Form 990-T filing as a trust (such as an IRA) is allowed to ded... See more...
I received a Sch K-1 from a partnership for an IRA that reported UBTI and also reported QBI relating to the UBTI.  According to the IRS, Form 990-T filing as a trust (such as an IRA) is allowed to deduct the QBI on line 9 on page one but I cannot find an input screen in Lacerte to enter the QBI.
I will file the paper extension for the Form 990-T with the IRS to avoid the penalty.  Thank you for your recommendation and solution to the problem!
My understanding is the IRS requires extensions to be e-filed also and Lacerte cannot e-file 990-T extensions.  Will the IRS accept a paper extension?
The Form 990-T is due on 06/15/2021 (Texas disaster extension date).  Lacerte's message is the issue is trying to be resolved but the deadline is almost here.  I cannot find an alternative.  What are ... See more...
The Form 990-T is due on 06/15/2021 (Texas disaster extension date).  Lacerte's message is the issue is trying to be resolved but the deadline is almost here.  I cannot find an alternative.  What are others doing to avoid the 990-T from being filed late?
No problem.  I guess due to the stress of trying to get the fiduciary tax returns filed by the 09/30/2020 deadline, I was too sensitive to the comment at the end of the post.  Also, I apologize for m... See more...
No problem.  I guess due to the stress of trying to get the fiduciary tax returns filed by the 09/30/2020 deadline, I was too sensitive to the comment at the end of the post.  Also, I apologize for my ignorance.  I thought questions regarding the product are answered by the intuit staff and tax questions are answered by the CPA community.  This morning I learned differently.  It appears I have offended the entire community of volunteers and for that, I sincerely apologize.     
Because they volunteer, does that give them a right to be condescending.  I am not the sharpest person in the room but I do not like to be reminded of it.
I do not have an issue with George.  I appreciate his help.  George, thank you for all your help.  I also do not have an issue if information provided is not correct.  I can only imagine how complica... See more...
I do not have an issue with George.  I appreciate his help.  George, thank you for all your help.  I also do not have an issue if information provided is not correct.  I can only imagine how complicated tax software can be and having to deal with all the different taxing authorities.  I even do not have an issue with holding online for two hours.  I understand.  My issue is with the person (not George) that lectured me on my grammar.  I believe using the word "file" was appropriate.  Lacerte can only "file" electronic returns and cannot "file" paper returns.  If I wanted to know if Lacerte is able to process a paper return, I would have asked, "Is Lacerte able to "process" Form IT541?"  This is not the first time I have been lectured by someone providing answers to questions.        
Words do matter.  That is why I asked if Lacerte files the LA Form IT-541.  If a paper return was being filed, I would not be asking Lacerte if they file a particular form.  Lacerte cannot file a pap... See more...
Words do matter.  That is why I asked if Lacerte files the LA Form IT-541.  If a paper return was being filed, I would not be asking Lacerte if they file a particular form.  Lacerte cannot file a paper return.  Lacerte can only file electronic returns.  Duh.  I think it is time I change software providers.
My system is up dated to the latest version.  When I try to e-file the return, diagnostics states the LA Form IT-541 return cannot be e-filed at this time.  Lacerte systems specialist says Lacerte ca... See more...
My system is up dated to the latest version.  When I try to e-file the return, diagnostics states the LA Form IT-541 return cannot be e-filed at this time.  Lacerte systems specialist says Lacerte cannot e-file LA Form IT-541 but probably will be able to in the future.  I believe the system specialist is right since I cannot get passed the e-file validation process.  
Just a comment to save anyone else a two hour wait time --- Contrary to the answer provided to me earlier today, Lacerte cannot e-file Louisiana fiduciary Form IT-541.   
Is Lacerte not capable of filing the 2019 Louisiana fiduciary tax return Form IT-541?
Why doesn't a statement print with the tax return when I enter information on Screen 43 and check the box "Statement."
I am filing a late Sec 528 election for a homeowners association.  How do I instruct Lacerte to print the mandatory language at the top of Form 1120-H?