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Common questions about entering partnership Form 8825 in Lacerte

SOLVEDby Intuit20Updated July 17, 2023

Below are solutions to frequently asked questions about entering Form 8825, Rental Real Estate Income and Expenses of a Partnership or an S-Corporation, in the Partnership module of Lacerte.

  1. Go to Screen 17, Rental Real Estate.
  2. Enter any applicable information on this screen.
  3. Under the General Information section, make sure the 1=delete this year, 2=delete next year field is blank.
    • Entering 1 or 2 in field box will prevent the entry from appearing on Form 8825.
  1. Go to Screen 14, Depreciation (4562).
  2. Select the applicable Asset from the list in the left navigation menu.
  3. Locate the Asset Information section.
  4. Select Form 8825, Rental Real Estate in the Form (Ctrl+T) dropdown menu.
  5. Choose the corresponding rental activity in field Activity name or number (Ctrl+T).

Form 8825 will generate as blank if a number is entered in the If disposition applies to rental, enter rental number (enter as a negative if not real estate) field located under the Form 4797 section of Screen 19, Dispositions. If you remove the entry, Form 8825 will stop generating.

There aren't direct inputs specifically for distributions on the Passthrough K-1's screen in the S-Corporate or Partnership modules. You'll need to enter distributions from another passthrough entity in the input screen where you'd report distributions from the entity itself.

Refer to this article for instructions on entering passthrough entity K-1 information in the program.

 

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