Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

CAN YOU OVERRIDE THE AN AMOUNT THAT IS -1 FROM DEFAULTING TO ZERO ON THE FORM?

ktoakes
Level 1
 
0 Cheers
2 Comments 2
PhoebeRoberts
Level 11
Level 11

Nope. The worst thing is, sometimes a calculated number legitimately is a dollar of loss, and Lacerte still ignores it and produces a schedule that doesn't foot.

Where possible, I lump the dollar of loss in with something else (I've gone as far as putting it on an entirely different K-1 if needed) and making a note in my file.

sjrcpa
Level 15

Sometimes entering "-1.01" will get the result of -1. If it doesn't, I move on.

The more I know, the more I don't know.