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Level 1
June 8, 2020
Question

State tax refunds in the fiduciary module

  • June 8, 2020
  • 1 reply
  • 1 view

It appears that the trust module in Lacerte includes the whole state refund from the prior year into income, ignoring the tax benefit rule? Is there a fix to this? 

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1 reply

George4Tacks
Level 15
June 8, 2020

Delete the amount. I do not see any other override.

While in Form view, find the entry and RIGHT CLICK to select "Jump to Input"

 

Answers are easy. Questions are hard!