Client withdrew excess 2023 Roth contribution + earnings in 2024. We had reported earnings in 2023 tax returns. But, he received 2024 1099-R with code "8J" for ... read more
I am entering prior depreciation on a new partnership tax return in Lacerte. Can someone help me enter an item with the depreciation method of ALT/MM? I cannot ... read more
Where do I enter the tax credit information for an individual that has the Scholarship Granting Organization Tax Credit? It's Form TC40-AG. I look at screen 53.... read more
Oil and Gas K1 with Sec 59(e) disposition (K1, line 11 capital I). Per the note (thank you Lacerte), this should be reported on the disposition screen and with ... read more
Carryforward of small employer healthcare credit (Form 8941). Would be on Form 3800 which is not released yet. Called Lacerte that said it would be in the next ... read more
Does Lacerte allow for Illinois amended returns to be e-filed this year? I'm assuming if they do, then attach as a pdf the federal 1040X and the federal accepta... read more
Client over-contributed Roth 401k and Roth IRA in 2023 . He withdrew them before filing 2023 tax returns. In 2024, he received 2 form1099-R with code "8J" and "... read more
Form 1065 M-2 line 3 smart worksheet is taking M-1 line 9 (taxable income) then deducting nondeductible expenses to get "tax basis" net income (which is really ... read more
Married couple, taxpayer lives in WV, spouse lives in PA (see each other on weekends). MFJ for fed, separate for states. Spouse has significant cap gains, divid... read more
