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Entering guaranteed payments for Form 8825, Schedule F, or Other Rental

SOLVEDby IntuitLacerte Tax21Updated July 27, 2021

You can enter guaranteed payments on Form 8825, Schedule F, or as Other Rental on Form 1065 in the Partnership module of Lacerte. Choose the applicable instructions below.

  1. Go to Screen 17, Rental Real Estate.
  2. Select the Activity from the left navigation panel. 
  3. Scroll down to the Expenses section.
  4. Hold down Ctrl+E on your keyboard in the Other expenses (Ctrl+E) field.
  5. Enter the Description and Amount
  6. Click OK.
  7. Go to Screen 22, Other Schedule K Items.
  8. Enter the amount in Guaranteed payments [A].
  1. Go to Screen 12, Farm Income and Expenses.
  2. Select the Activity from the left navigation panel. 
  3. Scroll down to the Farm Expenses section.
  4. Hold down Ctrl+E on your keyboard in the Other expenses (Ctrl+E) field.
  5. Enter the Description and Amount
  6. Click OK.
  7. Go to Screen 22, Other Schedule K Items.
  8. Enter the amount in Guaranteed payments [A].
  1. Go to Screen 18, Other Rentals.
  2. Select the Activity from the left navigation panel. 
  3. Scroll down to the Expenses section.
  4. Hold down Ctrl+E on your keyboard in the Other expenses (Ctrl+E) field.
  5. Enter the Description and Amount
  6. Click OK.
  7. Go to Screen 22, Other Schedule K Items.
  8. Enter the amount in Guaranteed payments [A].

 

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