How do you mark a return as Initial, Final, or both in Lacerte?
Corporate
- Go to Screen 4.1, Miscellaneous Information.
- Under the Miscellaneous section, enter a 1, 2, or 3 in the field 1= initial return, 2= final return, 3= both.
Partnership
- Go to Screen 3, Miscellaneous Information.
- Under the Miscellaneous Information section, select the box Initial return (if applicable).
- Under the Final Return subsection, select the box Final return (if applicable).
- Select both boxes to mark the return as Initial and Final.
S corporate
- Go to Screen 3.1, Miscellaneous Information.
- Under the Miscellaneous Information section, select the box Initial return (if applicable).
- Under the Final Return subsection, select Final return (if applicable).
- Select both boxes to mark the return as Initial and Final.
Exempt Organization
- Go to Screen 4.1, Misc. (990-N, 990, 990-PF, 990-T).
- Under section Miscellaneous (990-N, 990, 990-PF, 990-T) in the field labeled 1=inital return, 2=final return/termination, 3=both, enter a 1, 2, or 3.
Benefit Plan
- Go to Screen 3, Miscellaneous Information.
- Under the section General Information, select the box Initial return/report (if applicable).
- Select the box Final return/report (if applicable).
- Select both boxes to mark the return as Initial and Final.
Fiduciary
- Go to Screen 2.1, Miscellaneous Information.
- Under the section Estate/Trust Information, select the box Initial return.
- Under the section Final Year Estate/Trust, select the box Final return.
- Select both boxes to mark the return as Initial and Final.