hgtc
Level 5
02-13-2025
09:35 PM
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LLC client's bank withheld federal income taxes on interest incomes (although bank stop doing so now). How do I enter these federal taxes withheld in LLC tax program so that these withheld taxes can pass through to K-1s.
Thanks.
Best Answer Click here
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Karen_pdx
Level 4
02-14-2025
12:50 AM
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In 2024 Lacerte, on Screen 22.1 Other Sch K Items - look for the section called Credits, then the line for Other credits. Click in the box or press Ctrl+E and there is a dropdown choice for K-1 Code "O=Backup Withholding"
hgtc
Level 5
02-14-2025
10:59 AM
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Thank you.
