DianaT2025
Level 1
Saturday
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Hello,
One of the partners in the partnership are not entitled to the QSB stock sale. I entered a "-1" as instructed in Lacerte's help page but it change the total allocation to "99%" and the K-1 still showing the standard allocation. Has anyone had this problem? How to troubleshoot the calculation error?
Thanks.
Labels
George4Tacks
Level 15
Saturday
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Remove the -1 you entered.
Do special allocations to all partners for that line number on the k-1.
Answers are easy. Questions are hard!
