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Generating Schedule R in Lacerte

SOLVEDby IntuitLacerte Tax22Updated 2 weeks ago

Before you start:

  • Income limits still apply per the Schedule R form instructions.
  • Schedule R will only generate (show in bold on the Forms tab) if a credit is applicable on Schedule R, line 22. If line 19 is zero or less, the credit cannot be taken.

Lacerte will automatically generate the Schedule R for an elderly client if they meet the qualifications in the Schedule R instructions.

To generate the Schedule R for a disabled person who received a 1099-R:

Follow these steps to check Schedule R, Part I, boxes 2, 4, 5, 6, or 9:

  1. Go to Screen 13.1, Pensions, IRAs.
  2. Enter the information from the 1099-R received.
  3. Scroll down to the Other Information section.
  4. Check the box Report taxable amount on Schedule R (amount flows to Schedule R, Part III).
  5. If applicable, check Report taxable amount as wages (pre-retirement age). The amount will flow to Schedule R, but also show as wage income instead of pension income.
  6. Go to Screen 38.2, EIC, Residential Energy, Other Credits. (Screen 39 in 2013 and prior years.)
  7. Scroll down to the Elderly Credit (Schedule R) section.
  8. Enter any Nontaxable pensions, annuities, disability (13b) (if applicable).
  9. Check the box, Filed physician disability statement in prior year (if applicable).
  10. Enter the Date of retirement due to disability.

How do I check the box in Part II line 2?

Checking the box on Screen 38.2 to indicate your client Filed a physician disability statement in prior year will check the box on the form, as long as box 2, 4, 5, 6, 0r 9 at the top of Schedule R are checked, indicating that a statement of permanent and total disability is needed.

To override and force the credit:

  1. Go to Screen 38.2, EIC, Residential Energy, Other Credits.
  2. Scroll down to the Elderly Credit (Schedule R) section.
  3. Enter an amount in Schedule R [O].

This entry overrides the automatic calculation of Schedule R. You must manually prepare and attach Schedule R for amounts entered. The amount entered prints on Form 1040, page 2.  You may also enter a -1 here to suppress the Schedule R if desired.

Other overrides on Screen 38.2:

  • Taxable disability income of disabled (11) [O] - This entry overrides disability income entered on Screen 13.1, Pensions, IRAs. Enter in the appropriate input fields the taxable disability income for the taxpayer or spouse when either was totally and permanently disabled. The program carries these amounts to Schedule R, page 2 and checks the applicable filing status and age boxes on Schedule R, Part I.
  • Nontaxable social security (&tier 1 RRB) (13a) [O] - The program carries the nontaxable portion of Social Security Benefits entered in Social Security Benefits (SSA-1099, box 5) (Screen 14, codes 2, 52) to Schedule R. Enter an amount to override the automatic calculation of nontaxable Social Security benefits on Schedule R only.

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