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How to enter Energy Efficiency Tax Deduction Section 179D Deductions in Lacerte

SOLVEDby IntuitLacerte Tax9Updated July 12, 2022

The amount of deduction claimed under Section 179D should be entered:
(1) As an "other deduction" on the "Deductions" screen.
(2) On the asset itself, on the "Depreciation" screen, as a "basis reduction (amortizable costs expensed, ITC, etc.)".

Looking at S-Corporation instructions, on Page 16 they point us to Line 19 of S-Corporation return. The input for that line is in Screen 15 in field Other (Screen 15; Code 46).

S-Corporation

  1. On the Detail tab, go to Screen 15, Deductions.
  2. Under Other, enter a description and amount in Other deductions (Ctrl+E) (input sheet code 46).

Partnership:

  1. On the Detail tab, go to Screen 13, Deductions.
  2. Under Other, enter a description and amount in the field Other deductions (Ctrl+E) (input sheet code 143).

Corporation:

  1. On the Detail tab, go to Screen 20, Deductions.
  2. Under Other, enter a description and amount in the field Other deductions (Ctrl+E) (input sheet code 68).

 

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