Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Lacerte Tax
- :
- Lacerte Tax Discussions
- :
- ERROR K-1 AMT basis at beginning of year override does not work
ERROR K-1 AMT basis at beginning of year override does not work
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
merck3630
Level 2
03-20-2022
10:17 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Screen 20 Passthrough K-1s, Basis Limitation (7203), AMT (if different), Stock basis at beginning of year, if different is NOT overriding the AMT beginning year basis in federal or state basis worksheets. Upon further study, the number I enter appears to be ADDing to a secret number stored somewhere in the system. Please correct in a future release of Lacerte.
I was able make up numbers for the AMT basis at the beginning of the year until the basis worksheet output matched values in the AMT beginning of the year basis value from last year.
This is not the way to make this work, but a reasonable workaround until a fix is found and published.
Labels
