Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
K-1
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
FLmoe
Level 1
01-22-2024
12:38 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I did a transfer from my S-Corp K-1 to my personal return. The K-1 income amount was actually the depreciation number on my 1120-S return. I had actual ordinary business income, but the transfer listed a loss which turned out to be the depreciation amount on the 1120-S return. I have never had anything quite like this before. I don't know what could generate a situation like this.
Both of these returns were completed on the Lacerte tax program.
