We acquired a new client that has a postponed gain from casualty or theft and I am trying to figure out how to enter that in Lacerte that it carries forward till they need to recognize it. How do I do that?
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Use NOTES to attach the required statement.
https://www.irs.gov/publications/p547#en_US_2020_publink1000225390
Use NOTES to attach the required statement.
https://www.irs.gov/publications/p547#en_US_2020_publink1000225390
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