MP
Level 2

IRC 1377(a)(2) election is included in program, but in Proseries how do you treat the tax year as if it consisted of two separate tax years?

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sjrcpa
Level 15

Probably the way you do it in Lacerte. Override every single line on the K-1s using the numbers you used for the "two years" in the spreadsheet you created.


The more I know the more I don’t know.
MP
Level 2

Thanks, that is what I was thinking also.

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