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Best Answer Click here
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Before we go further - Can you verify that your client is an officer or employee of the federal government or judicial officer of the federal government?
This is a pretty obscure section of the form, do you really need to go there?
Answers are easy. Questions are hard!
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My client was an executive with Goldman Sachs. He left them and went to work for the Securities and Exchange Commission. He received a Certificate of Divestiture from the US Office of Government Ethics for 5 specific assets to which section 1043 apply for the nonrecognition of gain.
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My client was an executive with Goldman Sachs. He left them and went to work for the Securities and Exchange Commission. He received a Certificate of Divestiture from the US Office of Government Ethics for 5 specific assets to which section 1043 apply for the nonrecognition of gain.
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Maybe @sjrcpa or @PhoebeRoberts or @abctax55 have an idea of how to do. I don't see the solution.
Answers are easy. Questions are hard!
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Looks like that whole section of the 8824 is unsupported by Lacerte. I think you're going to have to manually complete it and either attach as PDF, attach to an 8453, or file the whole return on paper.
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Thank you all for the replies. That is the conclusion that I came to as well that Lacerte does not support that section of the 8824. I will manually complete that section and take care of it that way.
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I agree with Phoebe, of course.
The more I know the more I don’t know.
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Surprise... I agree (don't we all, always?) agree with Phoebe.
Plus this is something I've never, ever had to deal with in my practice 😂