Hi Brent,

Nice to see a familiar name!   Had the same issue...my partnership and every other partnership I prepare is not anywhere close to $500 million in gross receipts.  There has to be a better way than to override Schedule K and K-1s, Lacerte should fix this right away.  Even if it's something similar to checking a box like the business interest limitations do not apply.  I almost didn't catch it because the Schedule K just has a "See Statement 1" with no amount but then my partner K-1s that were LLCs all had four lines under line 16 foreign transactions as AA AB AC and AD.  Don't know about your return but on mine, there was a proforma (black) number on Screen 32 Gross Receipts per Reg 1.59A...in the 1st preceding year gross receipts with the other preceding years blank.  However, on the K-1 there were four amounts, one for the allocable share of current gross receipts, 1st preceding, 2nd preceding and 3rd preceding year.  Evidently, Lacerte is pulling amounts from the Gross Receipts on Screen 5 - Other Information (Schedule B) but it should be very evident that the gross receipts are well under the $500 million threshold for §59A base erosion tax.   Darcia