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Electing safe harbor for small taxpayers in Lacerte

SOLVEDby IntuitLacerte Tax20Updated July 12, 2022
  1. Go to the Detail tab > Other and select the Elections screen:
    • Screen 46 (Individual)
    • Screen 33 (Partnership)
    • Screen 41 (Corporate)
    • Screen 38 (S Corporate)
    • Screen 61 (Exempt Organizations)
  2. Select the Misc. Election button or the link in the left menu.
  3. Scroll to the section Election for Safe Harbor for Small Taxpayers.
  4. Select the box Safe harbor for small taxpayers [1.263(a)-3(h)].
  5. In the Description of property (Ctrl+E) input field, hold down Ctrl+E to open the Description of property window, and enter applicable information.
  6. Select OK.

Lacerte will generate the election statement per Bulletin 2013-43

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