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Generate a statement for Form 1120 Line 26 in Lacerte

SOLVED•by Intuit•Updated August 16, 2023

Per IRS instructions, Lacerte generates a statement for Form 1120, line 26, listing all allowable deductions that aren't deductible elsewhere on the form.

To generate a statement for line 26:

  1. Enter deduction type and amounts in the Other (Ctrl+E) field in Screen 20.1, Deductions.
  2. The deductions will be listed on the statement Form 1120, Line 26 Other Deductions.

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