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Filter for KY LLC form 725 in the Individual Lacerte module

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Filter for KY LLC form 725 in the Individual Lacerte module

jakcpa10

Currently there is no way to filter in Lacerte for the KY form 725. This is a single member, disregarded entity return. It is a separate return from the individual state return. 2020 is the first year Lacerte has allowed us to efile this return. Currently this return is still due on April 15, 2021. I have 1650 clients in my individual module and no way to determine which of those have a 725 return so that I can ensure all of those returns are extended appropriately.

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6 Comments
cspain
Level 1

Did Lacerte help you with this? I am having the same issue

 

jakcpa10
Level 1

No I spent almost 2 hours on the phone with 2 different levels of support help, and basically got the answer "Sorry we can't help". Made me extremely happy to pay so much for a software and get no where.

cspain
Level 1

There is a box at the bottom of the C, F and E screen that the program is scanning for SMLLC. It is in Other Information.   I spent several hours on the phone last night as well.

If that box is checked, the filter 

Misc->Single Member LLC present?->is->yes  

will  work.

 

jakcpa10
Level 1

Thanks for the information. I would think there should be a filter for the return itself, since it's a totally separate return, but that would have been too easy. That box has never needed to be checked for any reason, so going through 1600 clients to check that box right now isn't really feasible. 

I suppose we'll make more of an effort to make sure that box is checked going forward. 

Thanks again.

cspain
Level 1

I get it.  I am in the same boat.  Have a productive last month!

jakcpa10
Level 1

Same to you!

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