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Form 8621 Data Flow to Other Forms

SOLVEDby IntuitLacerte Tax18Updated July 30, 2021

Form 8621 is an input/output form. Data entry can be made for the form itself on the following screens:

  • Individual (1040)  - Screen 84
  • Partnership (1065) - Screen 69
  • Corporate (1120) - Screen 84
  • S Corp (1120S) - Screen 78
  • Exempt (990) - Screen 90

Information entered for Form 8621 does not flow to any fields in the return as stated in the instructions for the form.

There are no calculations directed related to the form and as such, no automatic calculations are made to carry the amounts generated on the form to associated schedules and forms. Amounts that need to be reported on other forms and schedules (ie, Capital Gains on Schedule D, etc.) must be manually entered in those forms as well.

Note: Lacerte does not support 8621 for Form 1041. See IRS instructions for Form 8621.

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