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2020 Lacerte Tax Program Update is Live and Available for Download (Updated 05/11/2021)

IntuitBettyJo
Community Manager
Community Manager

 

Latest Update: Version 41.0511

Check out modules below to see what updates have been released in this version of your software. (e.g., recent changes, feature enhancements, or bug fixes)


Individual


US Form 5471 Schedule Q, Page 4, Line 3, Column XI Not Printing Negative

US Form 5471 Not Generating Schedule I, I-1, and P for Category 5b Filers

MN M1PR-AI US Form 8915 Qualified 2020 Disaster Retirement Plan Distributions Added on M1PR-AI Twice

NH Form BET Line 1 Does Not Apportion Dividends

NJ Form NJ-2210 Lines 2 and 6 Not Picking Up Amounts From NJ-1040 Line 63

NYC UBT Estimated Payments Q1 Shows $25 in Estimated Payments Wizard When Schedule C is Also SMLLC

OH form IT RC Column A Income Taxed Will not Override Correctly

RI Overpayment Applied to 2021 is overstated on letter when applying full overpayment

VA Calculating Penalties for First Quarter Payment Extended Due to Coronavirus Exceptions

 


Partnership 

US Form 5471 Not Generating Schedule I, I-1, and P for Category 5b Filers

US Form 8990 Part I Section II Line 18 Incorrectly Including Investment Income

WI Schedule 3K-1 Item L Pulling Incorrect Partner When Partner Number Gaps Exists

 

 

S-Corporate

US Form 5471 Not Generating Schedule I, I-1, and P for Category 5b Filers

NM Shareholder Summary (S/H Smry) Page for RDP-41359 Incorrect Address When Shareholder Number Gap Exists

 

 

Corporate

US Form 5471 Not Generating Schedule I, I-1, and P for Category 5b Filers

 

Fiduciary

US Form 5471 Not Generating Schedule I, I-1, and P for Category 5b Filers

MI Form 4 Filing Instructions Indicates No Payment Required Incorrect

NY Form IT-205 Page 1 Box for Trust Meets Conditions of Section 605(b)(3)(D)

 

Exempt

US Form 5471 Not Generating Schedule I, I-1, and P for Category 5b Filers

NY Diagnostic Ref. 54814 Requiring Form E-File for 990 and 990PF Generating Erroneously

 

 

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IntuitBettyJo
Community Manager
Community Manager

 

Latest Update: Version 41.0511

Check out modules below to see what updates have been released in this version of your software. (e.g., recent changes, feature enhancements, or bug fixes)


Individual

 

US Form 5471 Schedule Q, Page 4, Line 3, Column XI Not Printing Negative

US Form 5471 Not Generating Schedule I, I-1, and P for Category 5b Filers

MN M1PR-AI US Form 8915 Qualified 2020 Disaster Retirement Plan Distributions Added on M1PR-AI Twice

NH Form BET Line 1 Does Not Apportion Dividends

NJ Form NJ-2210 Lines 2 and 6 Not Picking Up Amounts From NJ-1040 Line 63

NYC UBT Estimated Payments Q1 Shows $25 in Estimated Payments Wizard When Schedule C is Also SMLLC

OH form IT RC Column A Income Taxed Will not Override Correctly

RI Overpayment Applied to 2021 is overstated on letter when applying full overpayment

VA Calculating Penalties for First Quarter Payment Extended Due to Coronavirus Exceptions

 


Partnership 

US Form 5471 Not Generating Schedule I, I-1, and P for Category 5b Filers

US Form 8990 Part I Section II Line 18 Incorrectly Including Investment Income

WI Schedule 3K-1 Item L Pulling Incorrect Partner When Partner Number Gaps Exists

 

 

S-Corporate

US Form 5471 Not Generating Schedule I, I-1, and P for Category 5b Filers

NM Shareholder Summary (S/H Smry) Page for RDP-41359 Incorrect Address When Shareholder Number Gap Exists

 

 

Corporate

US Form 5471 Not Generating Schedule I, I-1, and P for Category 5b Filers

 

Fiduciary

US Form 5471 Not Generating Schedule I, I-1, and P for Category 5b Filers

MI Form 4 Filing Instructions Indicates No Payment Required Incorrect

NY Form IT-205 Page 1 Box for Trust Meets Conditions of Section 605(b)(3)(D)

 

Exempt

US Form 5471 Not Generating Schedule I, I-1, and P for Category 5b Filers

NY Diagnostic Ref. 54814 Requiring Form E-File for 990 and 990PF Generating Erroneously

 

 

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How can I check which version of Lacerte I have installed? 

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IntuitBettyJo
Community Manager
Community Manager

 

Version 41.0330

Check out modules below to see what updates have been released in this version of your software. (e.g., recent changes, feature enhancements, or bug fixes)

Corporate

AK Carryback Input No Longer Available

MN Schedule KSNC Addback for Paid Medical Leave Incorrect

 

Fiduciary

MI Diagnostic Ref. 52115 Not Clearing When Distributions Match MI1041 Schedule 4 Amount When Using the '2' to Exclude Dispositions

 

Individual

US Amended E-file Exception Error When Capital Gain Distribution Statement is Included with the Tax Return

ME Education Opportunity Tax Credit Page 2 Lines 2a and 2b Display Issue

MN Amended Form M1X Lines 3 and 4 Amounts in Column A and B are Swapped

MN Schedule M15 Line 5 Is Not Populating The Correct Amount In All Cases

NY Amended E-file Reject /ReturnState/ReturnDataState/processBO/composition/forms/IT203/IT203OTHINCID When Unemployment Compensation Exclusion is Present

OH Diagnostic Ref. 54889 Wil Not Clear When NAICS Code is Entered

OH Form SD 2210-100 Page 2 Checkbox for Farming/Fishing Cannot Be Checked

WI Payer ID Number Input is Limited to 12 Digits (Screen 14.2 Code 815) When Number is 15 Digits

MN Schedule KPC/KPI Partners Distributive Share Percentage is Truncated

 

S Corporate

KY 740NP-WH Page 2 Line 17 Not Calculating, Line 13 less Line 8, 14, and 15

MN Schedule KSNC Addback for Paid Medical Leave Incorrect

 

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IntuitBettyJo
Community Manager
Community Manager

 

Version 41.0331

Check out modules below to see what updates have been released in this version of your software. (e.g., recent changes, feature enhancements, or bug fixes)

Corporate

 

Fiduciary

 

Individual

2020 IND MD Diagnostic Ref. 2055489 Generates Unexpectedly

 

S Corporate

 

 

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IntuitBettyJo
Community Manager
Community Manager

 

Version 41.0401

Check out modules below to see what updates have been released in this version of your software. (e.g., recent changes, feature enhancements, or bug fixes)

Corporate

 

Fiduciary

 

Individual

AL Form 2210AL Unable to Complete Regular Method When Boxes C and D are Checked

US Form 1116 Will No Longer Allow You to Type RIC as The Name of Foreign Country

US Form 1040 Page 2 Line 36 Will Not Populate While Return Marked Amended

US E-file Reject IND-073 When Original and Amended Return Have an Overpayment

US Diagnostic Ref. 54780 Generates for SSA-1042S Requiring Payer EIN, No Input Provided

UT Form TC-40B Will Not Populate Nonresident Home State Abbreviation

 

Partnership / S Corporate

NJ PTE-100 Line 23 Calculating Negative Amounts

 

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IntuitBettyJo
Community Manager
Community Manager

 

Version 41.0405

Check out modules below to see what updates have been released in this version of your software. (e.g., recent changes, feature enhancements, or bug fixes)

Corporate

 

Fiduciary

 

Individual

VA Tax on Form 760CG, Line 16 Incorrect When UCE Present

 

Partnership / S Corporate

 

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IntuitBettyJo
Community Manager
Community Manager

 

Version 41.0406

Check out modules below to see what updates have been released in this version of your software. (e.g., recent changes, feature enhancements, or bug fixes)

Corporate

NJ Midyear Line 5a Surtax Rate is Taxing at 4% When Instructions State to Tax at 2.5

NJ CBT-100 Page 5 Schedule A Part 2 Line 25 Not Showing PNOL from Line 8 of the NJ 500 Section B

Exempt

US Form 990-T Extension (8868) Rejection Due to Books in Care of Missing

Individual

GA Schedule 1 Page 2 Line 11 IRA Distribution with Qualified Charitable Deduction Not Reduced

IA Form 1040 Line 14 Incorrectly Shows Spouse Withholding as a PAR/SCO Adjustment

KY Schedule A Contributions Line 10 Carryover From Prior Year Not Being Limited to 60% of Kentucky AGI

KY Filing Status Override Behavior (Married Filing Separate Combined)

WI E-File Reject /ReturnState/ReturnDataState/SchM/OtherAdjustments Not Pulling Amounts Entered for Spouse

WI Schedule 3K-1 B 3 Nonresident Partner Pulling From Wrong Partner When Partner Number(s) Skipped on Screen 7

 

S Corporate

NJ Midyear Line 5a Surtax Rate is Taxing at 4% When Instructions State to Tax at 2.5

NJ CBT-100 Page 5 Schedule A Part 2 Line 25 Not Showing PNOL from Line 8 of the NJ 500 Section B

NJ e-File Rejection /ReturnState/ReturnDataState/SchC-S/OtherDeductionsA/OtherExpenses Due to Charitable Contributions When None Present

NY e-File Reject /ReturnState/ReturnDataState/processBO/composition/forms/CT34SHA

Lacerte Operators

2020 Exception Occurred In The Tax Engine: Failure Saving Tax Manager Data: Unable to write to L:\Lacerte\20tax\Idata\Notes\ClientNumber.iZ0

 

 

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IntuitBettyJo
Community Manager
Community Manager

 

Version 41.0408

Check out modules below to see what updates have been released in this version of your software. (e.g., recent changes, feature enhancements, or bug fixes)

Corporate

OH City of Cincinnati Return Doesn't Print State or Zip Code on Form

S-Corporate

OH City of Cincinnati Return Doesn't Print State or Zip Code on Form

NY e-File Reject /ReturnState/ReturnDataState/processBO/composition/forms/CT34SHA

Individual

NC E-File Rejection NCFIN-1060 Payment Contact Information Missing

PA Tax Brochure Scholarships Shown as Taxable on Line 1a

PA State if Different on W-2 Input Prints -1 on Form

US American Rescue Plan Act Results in Unexpected Amount for Schedule A and SE Health Insurance Premiums

KY Form Schedule K-1 (PTE) Page 3 Line 16 (a) Will Show "See Attached" When No Attachment Present

MD Schedule K-1 Distributive or Pro Rata Share Percentage Shows % for Wrong Partner When Partner Numbers Skip

 

Partnership 
OH City of Cincinnati Return Doesn't Print State or Zip Code on Form
 

 

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IntuitBettyJo
Community Manager
Community Manager

 

Version 41.0409

Check out modules below to see what updates have been released in this version of your software. (e.g., recent changes, feature enhancements, or bug fixes)

Corporate

NJ Midyear Line 5a Surtax Rate is Taxing at 4% When Instructions State to Tax at 2.5

S-Corporate

NJ Midyear Line 5a Surtax Rate is Taxing at 4% When Instructions State to Tax at 2.5

NJ CBT-100 Page 5 Schedule A Part 2 Line 25 Not Showing PNOL from Line 8 of the NJ 500 Section B

Individual

Partnership 
 

 

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How can I check which version of Lacerte I have installed? 

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IntuitBettyJo
Community Manager
Community Manager

 

Version 41.0414

Check out modules below to see what updates have been released in this version of your software. (e.g., recent changes, feature enhancements, or bug fixes)

Corporate

MD Form 500 Page 5 Displays Firm Name Exceeds 23 Characters and Overwrites Preparer's PIN

Fiduciary

OK Schedule K-1, Line 5b Not Including Royalties, Prints on Line 6 Instead

 


Individual

AZ Diagnostic Ref. 52389 Generates When No Arizona Amount is Due and Federal Extension Not Marked

CT Tax Summary Does Not Include All Subtractions in the Total

DC E-file Acceptance Letter Incorrectly Shows Refund Processed Through Refund Advantage

MA Tax Summary does not show Business/Profession or Farm Loss for 2020 Year

US e-File Reject Expense Amount Showing as a Negative in e-File Schema /Return/ReturnData/IRS1040ScheduleC/TotalOtherExpensesAmt

US 1040NR Reject (SNEC-F1040NR-006) Tax Rate Shows 0 When e-Filing Instructions Are Set to No

US Diagnostic Ref. 19832 Generates When the Date of 04152021 Has Been Entered and WV is Present


Partnership 

 

CT Form CT-1065/CT-1120SI Part 1 Schedule A Line 6A Interest on Underpayment Not Adjusted by Overpayment

CT Client Letter Indicates Both Deposit and Amount Due 

 

Gift

US Input Screen 3 Codes 15 and 55 F1 Help Outdated

 

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IntuitBettyJo
Community Manager
Community Manager

 

Version 41.0420

Check out modules below to see what updates have been released in this version of your software. (e.g., recent changes, feature enhancements, or bug fixes)

Fiduciary

NJ e-File Schema Reject /ReturnState/ReturnDataState/FormNJ1041/ResidencyStatusType/NonResidentTrust

NY IT-205 Page 3 Item A Statement Does Not Generate

 


Individual

AL Credit Carryover for Scholarships Not Showing on General Information

KY EPAY Page 4 Line 5 Has a Value of "1" in the Payment Date for April 15, 2021

MT NOL Generated When No Business Income or Deductions Present

NH BT Summary Page 2 Line 4 d Underpayment of Estimated Tax Not Flowing, Unable to Override

NY Tax Computation Worksheet 4 is Using 2019 Values

NY Worksheet 5 Displays Incorrect Percentage

OH Rita/City NOL Worksheets Do Not Generate and Override Doubles Carryover

OH IT NRC Section II Numbers Are Misaligned When Passthrough K-1 Royalties Are Not Sourced to OH

OH Cincinnati - Amount of Tax on Line 6 Drastically Understated When Final Year Rental is Present

US Form 6251 Line 2m Not Including Accelerated Depreciation From Estate Passthrough

 


Partnership 

 

ME Partner Summary Shows Blank for Line 14 When Amount is Present

MN Schedule KPC/KPI, Schedule KPINC, Page 1, Line 6 Not Populating Amounts From Screen 39 When Numbering Gaps Present

OH Special Allocations Not Working for Bonus Depreciation

 

S-Corporate

MO Form MO-1120S Page 3 Not Generating For Resident Shareholders to Report Adjustments

 

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IntuitBettyJo
Community Manager
Community Manager

 

Version 41.0422

Check out modules below to see what updates have been released in this version of your software. (e.g., recent changes, feature enhancements, or bug fixes)


Fiduciary

US Form 7004 Where to File Address Incorrect

AZ Amended E-file Returns Must be Linked to Federal Amended Return (updated to meet agency guidance)  - WinOps Update Item

 


Individual

AL Federal Income Tax Return Deduction Worksheet Pulls From Incorrect Line

GA Schedule 1 Page 2 Line 11 Taxable IRA Doubles Amount of QCD When Being Reported on Federal Form 8606

NC Override Field "Electronic payment date [O]" in Screen 3 Code 1601 Does Not Function

 


Partnership 

US E-File Reject SK1-F1065-002-01 When More Than One Form 8283 is Present

AZ Amended E-file Returns Must be Linked to Federal Amended Return (updated to meet agency guidance)  - WinOps Update Item

 

 

S-Corporate

AZ Amended E-file Returns Must be Linked to Federal Amended Return (updated to meet agency guidance)  - WinOps Update Item

 

 

Corporate

CA PDF Not Included in XML For Amended Returns, Triggers E-file Reject

 

 

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How can I check which version of Lacerte I have installed? 

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IntuitBettyJo
Community Manager
Community Manager

 

Version 41.0428

Check out modules below to see what updates have been released in this version of your software. (e.g., recent changes, feature enhancements, or bug fixes)


Individual

GA Schedule 1, Page 2, Line 11 Blank When It Should Populate Post Version 41.0422

ME Schedule NRH Line 6, Column C Does Not Complete When Spouse is Filer

MO Form 1040ES Incorrectly Includes Deceased Taxpayer

NH BT Summary Page 2 Line 4 d Underpayment of Estimated Tax Not Flowing, Unable to Override - Addressed Override

PA City of Philadelphia Form BIR NTL Prints SSN on EIN Line

US Screen 4.2 Not Allowing Signature Date Override Past April 15, 2021

 


Partnership 

CA K-1 Export to IND or FID Converts 1231 Loss Into 1231 Gain for CA

US Form 8858 Schedule G Line 10-13 Completed When Tax Owner is Not a US Company

 

 

S-Corporate

US Form 8858 Schedule G Line 10-13 Completed When Tax Owner is Not a US Company

 

 

Corporate

US Form 8858 Schedule G Line 10-13 Completed When Tax Owner is Not a US Company

 

 

Please subscribe to this post for release updates by clicking on the gear icon, on the upper right hand of your screen.

 

 

Related Help Articles: 

How can I check which version of Lacerte I have installed? 

IntuitBettyJo
Community Manager
Community Manager

 

Version 41.0504

Check out modules below to see what updates have been released in this version of your software. (e.g., recent changes, feature enhancements, or bug fixes)


Individual

OK E-file Rejection /ReturnState/ReturnDataState/FormOK538S/PartThree/OtherIncome Indicates This is a Defect

 


Partnership 

 

 

S-Corporate

 

 

Corporate

NJ Now Conforms to PPP Loan Forgiveness Still Included on CBT-100S, Schedule K, Part II Line 2L

 

 

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How can I check which version of Lacerte I have installed? 

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IntuitBettyJo
Community Manager
Community Manager

 

Version 41.0506

Check out modules below to see what updates have been released in this version of your software. (e.g., recent changes, feature enhancements, or bug fixes)


Individual


AL Schedule W-2 Fills Out Column J For Other State W-2 While Non-Resident

CA PPP and EIDL Conformity Changes

IA 1040 Line 24 Not Including 67e Final Year Deductions From Estate/Trust

MT Tax Summary Does Not Show Overpayment Applied

MT Form 2 Not Including Accrued Market Discount

MT Form 2 Page 5 Line 25 Limiting Expenses to 5000

OH City Cincinnati Line 5 Is Multiplying Line 1 By .02025 Instead Of Line 5

OR Form OR-TM Prints Date on Signature Line

US Diagnostic 55596 Is Generating After Version 41.0420

US Form 2848 Omits Name of Taxpayer When Printing Partial Return

US Amended E-file Reject /Return/ReturnData/IRS1310/PhoneNum When Number is Present

VA E-file Reject 760-060 The Tax Amount on Form 760CG Line 16 Must Match Tax Rate Schedule

VA ES Worksheet Double Counting Addback of UCE

 


Partnership 

CA PPP and EIDL Conformity Changes

KY Form PTE Doubling Employee Retention Credit

NJ Form PTE-100 Line 14b Shows 100% When NJ-NR-A Line 5 Shows 0%

NY City Form NYC-204 Schedule B Line 9 Form Doesn't Match Schema

 

 

S-Corporate

CA PPP and EIDL Conformity Changes

KY Form PTE Doubling Employee Retention Credit

NJ Form PTE K-1 Not Printing With K-1 Package

NJ Now Conforms to PPP Loan Forgiveness Still Included on CBT-100S, Schedule K, Part II Line 2L

 

Corporate

CA PPP and EIDL Conformity Changes

HI Form N-30 Schedule J Line 2d Incorrect Adjustment Not Included On Statement When CY 179 And Cash Contribution Deduction

 

 

Fiduciary

AL Form 41, Schedule A Line 2 Shows Gain When There is a Loss

 

Please subscribe to this post for release updates by clicking on the gear icon, on the upper right hand of your screen.

 

 

Related Help Articles: 

How can I check which version of Lacerte I have installed? 

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IntuitBettyJo
Community Manager
Community Manager

 

Latest Update: Version 41.0511

Check out modules below to see what updates have been released in this version of your software. (e.g., recent changes, feature enhancements, or bug fixes)


Individual

 

US Form 5471 Schedule Q, Page 4, Line 3, Column XI Not Printing Negative

US Form 5471 Not Generating Schedule I, I-1, and P for Category 5b Filers

MN M1PR-AI US Form 8915 Qualified 2020 Disaster Retirement Plan Distributions Added on M1PR-AI Twice

NH Form BET Line 1 Does Not Apportion Dividends

NJ Form NJ-2210 Lines 2 and 6 Not Picking Up Amounts From NJ-1040 Line 63

NYC UBT Estimated Payments Q1 Shows $25 in Estimated Payments Wizard When Schedule C is Also SMLLC

OH form IT RC Column A Income Taxed Will not Override Correctly

RI Overpayment Applied to 2021 is overstated on letter when applying full overpayment

VA Calculating Penalties for First Quarter Payment Extended Due to Coronavirus Exceptions

 


Partnership 

US Form 5471 Not Generating Schedule I, I-1, and P for Category 5b Filers

US Form 8990 Part I Section II Line 18 Incorrectly Including Investment Income

WI Schedule 3K-1 Item L Pulling Incorrect Partner When Partner Number Gaps Exists

 

 

S-Corporate

US Form 5471 Not Generating Schedule I, I-1, and P for Category 5b Filers

NM Shareholder Summary (S/H Smry) Page for RDP-41359 Incorrect Address When Shareholder Number Gap Exists

 

 

Corporate

US Form 5471 Not Generating Schedule I, I-1, and P for Category 5b Filers

 

Fiduciary

US Form 5471 Not Generating Schedule I, I-1, and P for Category 5b Filers

MI Form 4 Filing Instructions Indicates No Payment Required Incorrect

NY Form IT-205 Page 1 Box for Trust Meets Conditions of Section 605(b)(3)(D)

 

Exempt

US Form 5471 Not Generating Schedule I, I-1, and P for Category 5b Filers

NY Diagnostic Ref. 54814 Requiring Form E-File for 990 and 990PF Generating Erroneously

 

 

Please subscribe to this post for release updates by clicking on the gear icon, on the upper right hand of your screen.

 

 

Related Help Articles: 

How can I check which version of Lacerte I have installed? 

View solution in original post

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