COGS
Level 3
12-13-2021
02:07 PM
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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.