larry12
Level 1
 
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PhoebeRoberts
Level 11
Level 11

You need to manually complete Form 8978, which Lacerte does not support. Enter any additional tax from Line 14 in Screen 45.3:

Screenshot 2021-05-10 101515.jpg

 

I personally enter the interest and penalties component in Screen 8, so that it gets included on the Tax Summary and the 1040-V.

In 2019, Form 8978 required a paper filed return; you couldn't even attach it as a PDF and e-file, because it wouldn't pass e-file specs.  

Also, don't forget to adjust all your carryforwards.

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