hags
Level 1
06-09-2020
09:22 AM
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Does Lacerte have a built-in gains worksheet???? in particular with partnerships.
Thanks.
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George4Tacks
Level 15
06-09-2020
11:33 AM
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Partnerships do not have built in gains tax. That is the purvue of S-Corps.
Answers are easy. Questions are hard!
abctax55
Level 15
06-09-2020
11:47 AM
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To be even more specific... it's the purvue of C-Corps with assets that have gains/income that have not yet been taxed (including A/R's) which have converted to S-Corps.
HumanKind... Be Both
sjrcpa
Level 15
06-09-2020
12:49 PM
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Partnerships do have a built in gain concept. It is not a tax such as for S Corps.
No Lacerte does not have a worksheet. Excel is your and my friend.
The more I know the more I don’t know.
