pacellli_z
Level 2
09-22-2023
12:05 AM
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This issue occurs in most of the schedules of form 5471 e.g. Sch Q, Sch I-1, etc
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TaxGuyBill
Level 15
09-22-2023
10:20 AM
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Unfortunately, I think these are your only options:
- Use other software that is capable of handing more digits (and that software will likely be much more expensive).
- Manually fill out the form via a PDF from the IRS website and either (a) attach it as a PDF to the e-filed tax return or (b) mail it with the rest of the tax return.
pacellli_z
Level 2
09-22-2023
11:14 AM
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Thank you for your answer. It's very unfortunate. I guess need to look for other software. Any recommendation ?
TaxGuyBill
Level 15
09-22-2023
12:11 PM
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I could be wrong, but I don't think there are many options for software that handles a large number of digits.
Perhaps someone that uses Lacerte knows how many digits it can use - that would be the easiest learning curve for you because Lacerte is extremely similar to PTO.
UltraTax MIGHT. But I'm not sure.
I know that ProSystem fx does (and likely Axcess), but those are extremely expensive software options.
pacellli_z
Level 2
09-22-2023
12:42 PM
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Thank you
Level 11
09-22-2023
12:45 PM
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Lacerte has the same limitation on number of digits. You can type in up to 13 digits, but you get a "value must be between -999,999,999 and 999,999,999" pop-up error.