Built In Gains Worksheet

[hags]

Does Lacerte have a built-in gains worksheet???? in particular with partnerships.

Thanks.

[George4Tacks]

Partnerships do not have built in gains tax. That is the purvue of S-Corps. 

[abctax55]

To be even more specific... it's the purvue of  C-Corps with assets that have gains/income that have not yet been taxed (including A/R's) which have converted to S-Corps.

[sjrcpa]

Partnerships do have a built in gain concept. It is not a tax such as for S Corps.

No Lacerte does not have a worksheet. Excel is your and my friend.