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How to enter into Lacerte other non-taxable income - line 18 B in form K-1 ?

george1
Level 1
 
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itonewbie
Level 15

On Screen 27.1 under Income Recorded on Books not Included on Schedule K.

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Still an AllStar

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3 Comments 3
itonewbie
Level 15

On Screen 27.1 under Income Recorded on Books not Included on Schedule K.

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Still an AllStar
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PhoebeRoberts
Level 11
Level 11

If you're asking where to enter it on the 1040, I just make an other increase to basis.

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DennyBriBri2
Level 2

itonewbie,

For my Corporate FY 2019 screen 27 is for Section 280H limitations.  I'm looking for Federal non taxable income which is reported on book.  I want this to show as a M1 adjustment. 

Can you help with this?

 

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