Lacerte Tax

Our company recently installed new network printers, HP M607 and HP M507 and when we sent Lacerte tax return prints (print complete return), the print jobs do not print completely, it comes out really slow and it prints few pages and it stops, and it's not showing print jobs are still pending. Print outs on HP M607 are not centered to the page, it's too close to the left. We have also installed a new network copier/printer and it's having the same issue of not printing tax returns in its entirety. We have no problem printing couple pages here and there, it's only on complete return print jobs. Does anyone have this type of issues?

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I'm old school.  Heck, I'm OLD. The old school of thoughts include the notion that a software would help x% of your need and you make do for the 100 - X.  In the past, X = 98 Lacerte.  X= 95 this year, and people scream. The new school of thoughts include "I want it 100% and yesterday".  I know.  I have grandkids.Anyway, in the latest Lacerte update, 8915F has been released.I proforma'ed back in January.  I did worry that the 8915E info was NOT carried over.  I just check.  It IS THERE.  Each and every dollar of $33,333 for the first client I checked - and ready to work on.  I have told her it might need to be extended.  NOOOOO.  It's there.  Hoo Hoo!!!  This took care of the sting that boo hoo Bengals lost....One ALERT I wanted to share with you Lacerte users.  In Settings>Options>Display, Lacerte allows users to select forms to display in a column, and the a check mark is th

I've entered my partner as a fiduciary in Screen 7 and checked Estate, if fiduciary in screen 32. I generated the Sch B and it gave the partner the proper Eligible Partner Code of E BUT I'm still getting a critical diagnostic "This partnership is electing out of the centralized partnership audit regime and has one or more estate partners. To qualify as an eligible partner, the estate must be that of a deceased partner.... ref. #51376" Any suggestions? Is this a critical diagnostic we can e-file through? Or does it need resolved, and if so, how?

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I have selected "Fiduciary" as the "Type of Entity" on input screen 7, but that does not put code E in the "Type of Eligible Partner (Code)" column on Schedule B-2 AND it triggers a critical EF diagnostic.barbarap figured this out in December 2019.  See https://proconnect.intuit.com/community/lacerte-tax-discussions/discussion/1065-sch-b-deceased-partner/00/18992.  I tried the solution in that thread, but I can't get code E to show up on Schedule B-2.Is there another entry field somewhere I can use to tell Lacerte that the partner is the estate of a deceased parner?  Why doesn't Lacerte just use the eligible partner types listed on Schedule B-2 on screen 7?

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Does anyone know why the 2018 QBI passive loss carryovers, which were carried from 2018 to 2019, disappeared when the client was aged to 2020 and 2021. The 2019 and 2020 QBI passive loss carryovers were carried to 2021, but not the 2018 losses.

The trustee wants to pay the tax from the trust account without K-1's.  Program generates diagnostic saying needs beneficiaries percentages because of capital gain.  HELP.  I just want to e-file and let the trust pay the tax on the final return.

Input to pay federal tax due on a corporation tax return electronically

Spouse passed away in December 2018 (filed a MFJ 2018 tax return).  A 1099-R was received in the deceased spouses name in 2019.  How do we report the 1099-R income.  The 1099-R income was received in Jan 2019 for December 2018.

A minor earned $2k of income on a W-2.  No taxes were withheld, so the minor does not need to file a tax return since they are under the income threshold for both federal and state.The parents plan to setup and fund a Roth IRA for the minor using the minor's own funds.  Question:  Is a tax return required to be filed to "prove" the earned income for the Roth IRA contribution?  Or is the W-2 proof enough?   I would think the W-2 is enough proof and no return is required but can't seem to find any literature to prove this.  Obviously no one will ask for the proof unless there is an audit or an issue down the road... Thanks for your input!

The import file is password protected and we don't know what the password is.  I keep looking for a setting to change but I'm having no luck.EAV15

Is there an override on the long or short-term determination on capital gain transaction of Form 1041

I'm opening an existing 1040 client return proforma'd from the 2020 software and get a pop up message titled "Restore missing data", text that says "The following input did not proforma correctly from the previous year. Do you want to restore data to the current year?" and a drop-down of "ClientInfo" and sub-items of "Spouse ID Type" and TaxPayer ID Type".  Options are "Yes, Restore", "Remind me next time", and "Keep it the way it is".  I don't understand what I'd be restoring so have only hit "Remind me next time". What does this message mean and what happens if I choose "Yes, Restore"? 

 Taxpayer maxes out her 401k on her salary. Makes to high of an income to add a contribution to a  roth. She gives me a 1099 simple ira code #2  and letter from investment advisor that says he did a conversion to the roth and let him know if he went over her 7000 limit. Well I did not think there was a limit to a conversion.  Makes me think he was trying to do a contribution which she clearly does not qualify for since she is over $140.000 Do they have paperwork showing a conversion did not see any coding lists for this. Is there a penalty exception for conversions. Was trying to look that up. There is really no reason for exception other than she put part into this so called conversion. then the rest she kept I would think she should be paying penalty on on the part she kept.one of those the more they talk the more confused and different scenarios I keep seeing ugh!!!!!!!

Lacerte individual tax is still limiting the PTE elective credit to the CA tentative AMT as of today's update; 2-18-22.  Do we if or when this will be corrected to reflect SB 113 signed by the Governor on 2-9-22?

delete all client passwords

What years can still be e-filed with lacerte.

So in the TY2020 program you can input a calendar 2021 estimate voucher as a negative number, and it is considered "Paid".  (Even says that word right there on the schedule of estimated payments.)But why, then, does the dollar amount pro forma into the next (tax year 2021) program as a memo amount?  Should it not go on the next line down, as actually having been paid?Robert

Can an ACCRUAL S-Corp deduct the PTE elective tax paid in 2022 (prior to March 15 2022) on their 2021 tax return? 

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Has anyone come across error #25650? It's for a multi-shareholder 1120S. The error says total of Line 16e on CA K-1s doesn't agree with the total entered in the program. Only one SH had a loan repayment and it was entered as such. No other repayments were entered. It seems to me Lacerte just generated phantom loan repayments for the rest of the shareholders.

I have a few MD partnership tax returns that have been accepted by IRS; then rejected by MD because Sch B allocations do not equal Form 511 line2.  Diagnostic indicates to use overrides to fix math error due to rounding. However, when I do that and Form 511 Line 2 equals Sch B allocations, there is an e-file diagnostic preventing MD e-file to be sent.  It is a vicious cycle. Any suggestions are appreciated.

Have the context sensitive help screens at the bottom of the input screen in each module been removed? In the 2020 modules, they provided basic context specific help on a given input box, but in the 2021 modules they don't seem to be there.