9168
The following diagnostic is generating: Manually prepare a supplemental statement to be included with each partner's PA Schedule RK-1 and/or NRK-1 for "Nontaxable income or nondeductible expenses required to calculate member or partner basis." I assumed Lacerte would generate any required statements. Why do I have to enter something manually??
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3 weeks ago
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3 weeks ago
Hello. Diagnostic 9168 is informational. Learn more here: What are informational diagnostics?
Diagnostic 9168 says "Manually prepare a supplemental statement to be included with each partner's Pennsylvania Schedule RK-1 and/or NRK-1 for \"Nontaxable income or nondeductible expenses required to calculate member or partner basis\". The Pennsylvania K-1 Supplemental Information section in the Supplemental Info. (per partner) Screen, Screen 30, may be used to enter this information."
3 weeks ago
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3 weeks ago
I'm aware that this is an informational diagnostic, however, my specific question was why doesn't Lacerte generate the required information automatically? Under what circumstances do I need to enter information manually?