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    Form 1065, K-1 input

    SMP
    Level 1

    I have a client that received a Form 1065, K-1 with amounts labeled 20AH1 and 20AH2, and I don't know where to input them.  I was on the phone with Lacerte yesterday and the representative could not help me.  The 20AH1 is labeled "Gross Receipts" and the 20AH2 is labeled "E&P Depreciation Adjustment".  These are Federal only entries.  Are there any suggestions?

    TIA

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    3 Comments 3
    sjrcpa
    Level 15

    E&P (Earnings & Profits) adjustment is only applicable if your client is a corporation.

    Gross Receipts is included anywhere you need Gross Receipts on a Form or schedule.

     

    You actually called support over this?


    The more I know the more I don’t know.
    SMP
    Level 1

    Thank you for your response.  Did you notice my level 1 vs your level 15?  Would you like to discuss tax resolution services?

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    sjrcpa
    Level 15

    No disrespect intended. Next time ask here first.

    FYI-The levels just refer to how active we are on the forum.


    The more I know the more I don’t know.