Lacerte Tax

Partnership has one rental property which was sold in 2025. Partnership consists of three partners, one of which is a trust with a stepped up basis. Deprecation schedule has four assets-building and land that apply to all three partners and building and land that are the step up amounts which only apply to the partner with the inherited interest. For the sale how do I get the additional basis to just the partner it applies to?

Client has 4 rental properties, total unallowed losses = $110,000 carryover to 2025.In 2025, he sold one property with $200k gain.  Each property is a separate property.  Lacerte offset all unallowed losses and current year losses of $53k in form 8582 with this $200k gain.  So, he has $-163,000 in Sch E #26Is this correct?  Thank you.

As of 2/22/2026, we are still receiving the following diagnostics:Federal Form 8960 is final, but the instructions are still in draft.Federal Form 1040-ES is final, but the instructions are still in draft.Federal ES Worksheets are final, but the instructions are still in draft.Federal Multi-State Summ. is included in draft from.Each diagnostic warns that if we file the return, calculations could change and an amended return may be required once the instructions are finalized.At this point in the filing season, these diagnostics are materially delaying the printing and e-filing of completed returns. We have clients waiting, and we have no clear indication from Lacerte as to when these items will be resolved or removed.What is particularly confusing is that the IRS website already has published instructions available for these forms. If the forms themselves are final and the IRS has released the corresponding instructions publicly, why is Lacerte still flagging them as “draft”?Practition

Form 2555 new client living in Portugal since 2022. The prior accountant was taking the full exemption from Form 2555 (2022, 2023 & 2024) even tho all of the income is social security & pensions (unearned income).  The form is pretty explicit in not allowing the Form 2555 for unearned income. The client is an active Research Professor Emeritus for a University but does not receive a W-2 or 1099-NEC. He only receives a 1099-R. Are there any exceptions I can use to link his active professor status to Form 2555?

According to California Secretary of State in a December 22, 2025 Customer Service Update: Newly registered Corporations, Limited Liability Companies (LLC), and Limited Partnerships (LP) will now utilize a 12-character ID that starts with the letter “B”.bizfile :: California Secretary of StateWhen I type my client's 12-character ID that starts with B into Screen 1, I get an e-file diagnostic for both California Corporation Number and California SOS Number. It goes away if I remove the B.It's not explicit in California's instructions but it seems like the B should go in there. Are we fine removing the B or is there an update coming soon? Any thoughts?

The Oregon Surplus Credit is not being calculated on my Oregon individual clients because the prior year tax is not populating in screen 53 Other Credits.  So I have to file a number of amended returns for my Oregon clients to get them their Kicker refunds.  Is anyone else experiencing this glitch?  In the past, we didn't have to manually input the prior year tax in order for the Kicker to calculate correctly.

partnership special allocation of distributions not working after morning update

Does Lacerte have 1120-POL returns available?

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I don't do many clients with combat pay, but can we get an updated list of special military processing names? Desert Storm was 35 years ago.

intuit expects us to give a 1040 tax return to a client now THEN PREPARE a 2026 estimated worksheet later, maybe weeks later??!?!? File: Not Lacerte 2026.

I am having trouble transmitting Form 114 (FBAR) for Individual client in Lacerte 2025.  I have called customer service and the program has not been updated yet.Is anyone else having the same problem?

I just tried to e-file my first FinCEN 114 FBAR today.  It failed, with a message:  Validation Failure:  Error 54:  Tax Year 2025 Transmissions are not available.  Resolution:  Lacerte is not ready to process Tax Year 2025 transmissions for this return.Has anyone else received this error?  Is Lacerte really not yet ready to process FBAR's in mid-February??  Or is there something wrong in my client file?

In the 2025 program, I am not finding an option to override for long term holding period (various dates).  Wash this eliminated in the 2025 program?

I feel like there has to be a way for this to work.  I have a client that is under age 26, but no longer a dependent for tax purposes.  Her return was rejected because there is a 1095-A.  I got a copy of the 1095-A so I can get past the 8962 requirement.  I tried to use the shared policy allocation attempting to force it to not taken any PTC for the return, but what I am left with is that the return has to be paper filed.  I checked the box on 39.1 "Other taxpayer will reconcile the APTC"; Filled in the first 4 sections on 39.2 (Part 1, 2, 3, and 4).  Is there anything that I am missing that might allow this to be e-filed or is it just tough luck?  I can't imagine something as common as this likely is, forcing paper filed returns every year, but perhaps I am wrong with that idea.  Any help would be greatly appreciated.  Lacerte tax support basically read the diagnostics (like I am unable to read that myself) and after 1.5 hours on the p

Clicked a bunch of different "items to print" boxes but no luck so far.

DOES ANYBODY KNOW HOW TO DISABLE THAT NEW FORM HELP BOX? IT'S EXTREMELY ANNOYING TO UNCLICK THAT BOX ON EVERY PAGE I OPEN. THE STUPID QUESTION MARKS COVER #S

I know that there excess distributions.  The taxpayer will report on personal return.  How do I get rid of the diagnostic? 

The Oregon State tax return is not showing up for a dependent return created directly from the parent return. How can I get the state return to show up? I double and triple checked that, yes, they do need to file the Oregon return as well.

When I opened Lacerte individual this afternoon every time I go to forms, the Form help box is checked. This is making there be blue question marks all over the forms view. I unchecked it and it keeps checking it every time I go to another form. Please make that stop, remove whatever is automatically doing that,

Client has NOL and need to file Form 172 with 1040.  Lacerte has Form 172 available.Does anyone know how to have client's return copy include this Form 172?Thanks.

My federal assets have already been fully depreciated, but my New York State assets still show remaining depreciation on the NYS Depreciation Worksheet Schedule. However, that depreciation amount is not flowing through to my NYS modifications on Form IT-225. Does anyone know why this might be happening?

When is E file for 2025 FBAR will be open, we are already end of February....

We just sent and received back a DocuSign request from a client marked "Do Not File."  Does anyone know why this appeared or had this happen to their clients?How can I be sure this does not occur again? Thanks 

I asked for this to be corrected two years ago.  There is no drill down for this line where I want to put my CPA license #.  In the settings for the preparer, there is no place to put my CPA license #.  Help.  This should be an easy fix.