Level 11
06-07-2024
10:14 AM
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Sometimes the state-specific proforma items are actually relevant to the non-resident return. Lacerte does a surprisingly good job keeping track of state-specific passive loss carryforwards.
I keep an Excel file so I know what the state-specific items should be, and can correct them as needed. Most of the time, the corrections are for "-1 errors" - when there's actually a dollar of calculated loss and Lacerte interprets the result of the calculation as zero.