COGS
Level 3

We have been playing around in 2021.  What is interesting is we have a new client with about 20 K-1s and overall income of about 1.5 Million.  We dropped in the credit on the K-1 credit area and lowered the federal income by that amount.  It was not giving him most of this credit.  We had another client with just one K-1 and the income as about the same.  He got the full credit.  We called Lacerte and they said if you have a bunch of K-1s the program is really unstable and will not compute correctly.