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Partial interests on Form 8971A
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jeffholman
Level 1
10-13-2022
03:20 PM
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The IRS instructions on Form 8971A, Part 2, Column B, say that if a beneficiary received a partial interest in property, the partial interest should be indicated there. Lacerte is properly calculating the value of the beneficiary's interest in Column E based on the applicable beneficiary ratio #. However, it does not indicate the partial interest in Column B, and I don't see anywhere I can enter this manually.
Any suggestions?
Thanks!
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