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Entering Charitable Contributions in the S Corporate module

SOLVEDby IntuitLacerte Tax113Updated July 26, 2021

How do you enter charitable contributions (cash or noncash) in the S Corporate module in Lacerte?

How to enter Cash Charitable Contributions

To enter Cash Charitable Contributions:
  1. Go to Screen 20, Income and Deductions.
  2. Scroll down to the Deductions section.
  3. Complete the applicable fields under the Charitable Contributions subsection (The 30% and 60% limitations are applied at the shareholder level.)
    1. Enter the applicable amount in 60% limitation (code 123).
    2. Enter the applicable amount in 30% limitation (code 124).

To enter Noncash Charitable Contributions:

  1. Go to Screen 25, Noncash Contributions (8283).
  2. Complete the applicable information for the noncash contribution.

Charitable contributions will flow to the Form 1120S Schedule K, page 3, line 12a and to the shareholder's Schedule K-1, line 12, codes A-G.

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