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Should LA IT-565 page 2 Schedule C reflect the same information as on Item L of the 1065 K-1s? Lacerte tech support says no, I say yes.

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Level 1
last updated ‎December 07, 2019 9:26 AM
 
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last updated ‎December 07, 2019 9:26 AM

My notes say, "Lacerte uses LA-source income for Sch C cap acct rec. Override in Screen 38.031."

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Level 15
last updated ‎December 07, 2019 9:26 AM
Is LA Schedule L line 21 the same as 1065 Schedule M-2?
Is this the first year of doing this return on Lacerte?

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last updated ‎December 07, 2019 9:26 AM

My notes say, "Lacerte uses LA-source income for Sch C cap acct rec. Override in Screen 38.031."

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Level 1
last updated ‎December 07, 2019 9:26 AM
Thank you this helps.  I wonder why no one in Tech support could tell me this after numerous phone calls. It also does not explain why it carries 100% of nondeductible expense there, rather than the LA percentage, if it is just supposed to carry LA amounts there.
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last updated ‎December 07, 2019 9:26 AM
Lacerte entity multistate tends to be kind of a mess.
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