brent
Level 3

Hello,

I'm working in Lacerte 2020, partnership module right now.  Lacerte is generating a "Gross receipts per reg 1.59A-7(e)(2) - current year" statement on Sch K, Line 16r as well as a slew of foreign tax items on Line 16 of each K1.  The partnership owns a single rental property, has no foreign activity, and is not an applicable taxpayer for purposes of IRC §59A, nor are any of the partners.  How do I suppress all this 59A info?  I'm currently on Screen 22>Other Schedule K Items>Other Income and I do not see any input field for "Gross Receipts for section 59A(e)" as mentioned below.  I'm a long time, over 20 year Lacerte user, specializing in partnerships.  Please advise!

Thank you,

Brent Sweet CPA

0 Cheers