Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Confirming where you enter the Net Section 481(a) adjustment in Lacerte

Highlighted
Level 1

For a change in accounting method - I am assuming that if the adjustment is negative # then would enter it as a deduction on the deduction screen - if the 481(a) adjustment is  a possitive # then it goes under Other Income screen for an S-Corp?

Labels (1)
0 Cheers
4 Replies 4
Highlighted
Level 15

That's what I do.


ex-AllStar
Highlighted
Level 1

Thanks!  Much appreciated!  You're a Rock-Star! 

0 Cheers
Highlighted
Level 15

You're welcome. 


ex-AllStar
0 Cheers
Highlighted
Level 15

We don't have a "blushing" emoji anymore.


ex-AllStar
0 Cheers