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Reporting related party transactions in Lacerte

SOLVEDby IntuitLacerte Tax6Updated July 27, 2021

Currently, you can only report related party transactions in Lacerte using Form 8824, Like-Kind Exchanges or Form 6252, Installment Sale Income. You can enter this information on the Dispositions or Deprecation screens. Select your module below for instructions.

To report as a disposition:

  1. Go to Screen 17, Dispositions.
  2. Under the Section list in the left column, select Related Party Information (6252 and 8824 only).
  3. Complete any applicable fields with information about the related party member.
  4. Complete any applicable information under the subsection for the appropriate form.

To report as depreciation:

  1. Go to Screen 22, Depreciation.
  2. Under the Section list in the left column, select Related Party Information (6252 and 8824 only).
  3. Complete any applicable fields with information about the related party member.
  4. Scroll down to Related Party Disposed of in the Current Year (6252/8824 only).
  5. Complete any applicable information under the subsection for the appropriate form.

To report as a disposition:

  1. Go to Screen 19, Dispositions.
  2. Under the Section list in the left column, select Related Party Disposition.
  3. Complete any applicable fields with information about the related party member.
  4. Complete any applicable information for the appropriate form.

To report as depreciation:

  1. Go to Screen 14, Depreciation (4562).
  2. Under the Section list in the left column, select Related Party Disposition (6252/8824 only).
  3. Complete any applicable fields with information about the related party member.
  4. Scroll down to the Related Party Disposed of in the Current Year section.
  5. Complete any applicable information under the subsection for the appropriate form.

To report as a disposition:

  1. Go to Screen 15, Dispositions (Sch. D/4797/etc.).
  2. Under the Section list in the left column, select Related Party Disposition.
  3. Complete any applicable fields with information about the related party member.
  4. Complete any applicable information for the appropriate form.

To report as depreciation:

  1. Go to Screen 21, Depreciation.
  2. Under the Section list in the left column, select Related Party Information (6252 and 8824 only).
  3. Complete any applicable fields with information about the related party member.
  4. Complete any applicable information under the subsection for the appropriate form.

To report as a disposition:

  1. Go to Screen 23, Dispositions (D, 4797, etc).
  2. Under the Section list in the left column, select the Related Party Disposition section.
  3. Complete any applicable fields with information about the related party member.
  4. Complete any applicable information under the subsection for the appropriate form.

To report as depreciation:

  1. Go to Screen 16, Depreciation (4562).
  2. Under the Section list in the left column, select Related Party Information (6252/8824 only).
  3. Complete any applicable fields with information about the related party member.
  4. Complete any applicable information under the subsection for the appropriate form.

To report as a disposition:

  1. Go to Screen 22, Dispositions.
  2. Under the Section list in the left column, select the Related Party Disposition section:
  3. Complete any applicable fields with information about the related party member.
  4. Complete any applicable information for the appropriate form.

To report as depreciation:

  1. Go to Screen 27, Depreciation.
  2. Under the Section list in the left column, select Related Party Disposition (6252/8824 only).
  3. Complete any applicable fields with information about the related party member.
  4. Complete any applicable information under the subsection for the appropriate form.

To report as a disposition:

  1. Go to Screen 24, Dispositions.
  2. Under the Section list in the left column, select Related Party Disposition (6252 and 8824 only).
  3. Complete any applicable fields with information about the related party member.
  4. Complete any applicable information under the subsection for the appropriate form.

To report as depreciation:

  1. Go to Screen 39, Depreciation.
  2. Under the Section list in the left column, select Related Party Disposition (6252/8824 only).
  3. Complete any applicable fields with information about the related party member.
  4. Complete any applicable information under the subsection for the appropriate form.

Refer to Pub 544 and Pub 537 for more information about reporting related party transactions.

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