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Lacerte Diagnostics
Moderator
October 2, 2020

10697

  • October 2, 2020
  • 0 replies
  • 7 views

The following diagnostic is generating:

Partnership #{PrefixNum}: AMT prior year at-risk loss carryovers are not entered. The program will assume the AMT at-risk carryovers are zero and compute a corresponding AMT difference.

Solution:

Click the diagnostic from the Diagnostics tab and enter the AMT Ordinary loss.

Or navigate to Income>Screen 20 Passthrough K-1s>Partnership information.

Scroll to AMT At Risk Carryovers and enter the amount in AMT Ordinary loss.

Critical, won't prevent e-file transmission.
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