TaxGirl3
Level 5
09-28-2022
05:05 PM
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Trust receives a K-1 reporting a loss that should be limited by the basis limitation (K-1 from an 1120S to an ESBT). Is there a way to track that in Lacerte? Or do I rely on Excel and only input in Lacerte amounts that are not limited by basis?
Thank you!
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sjrcpa
Level 15
09-28-2022
05:23 PM
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"rely on Excel and only input in Lacerte amounts that are not limited by basis"
The more I know the more I don’t know.
TaxGirl3
Level 5
09-28-2022
05:47 PM
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I answered my own question, but now I know I answered it correctly. Thank you! 😀
sjrcpa
Level 15
09-28-2022
06:27 PM
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You're welcome.
The more I know the more I don’t know.
