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Marking Schedule K-1 if Entity is Specified Service Trade or Business (SSTB)

SOLVEDby IntuitLacerte Tax75Updated July 13, 2022

How do I mark the Schedule K-1s to show the entity is a Specified Service Trade or Business (SSTB) in Lacerte?

Solution:

Partnership Module

Follow these steps to mark the entity as SSTB in a Partnership return:

  1. Go to Screen 22, Other Schedule K Items.
  2. Scroll down to the Other Information section.
  3. In the subsection Section 199A, check the box for Specified Service Trade or Business (SSTB).

This flows to the Schedule K-1's Supplemental Information page.

S-Corporate Module

Follow these steps to mark the entity as SSTB in an S-Corporate return:

  1. Go to Screen 27, Other Schedule K Items.
  2. Scroll down to the Other Information section.
  3. In the subsection Section 199A, check the box for Specified Service Trade or Business (SSTB).

This flows to the Schedule K-1's Supplemental Information page.

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