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- Form 5227 Page 2 Part III
Form 5227 Page 2 Part III
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mgdtax
Level 3
08-31-2022
06:53 PM
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How do I get information onto line 7 of part III on page 2 of Form 5227? I don't see any input for this line.
Thank you
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3 Comments 3
George4Tacks
Level 15
09-01-2022
10:24 AM
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Possibly the answer is in this help article.
Answers are easy. Questions are hard!
Intuit_Al
Community Manager
09-01-2022
11:14 AM
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Hello @mgdtax , the input can be found in Screen 29.1, Charitable Payee. In addition to the Charitable Payee Information, enter the amount in Distributed in current year from prior year's income (1041-A, line 17 or 5227, part III, line 7) . This should generate the amount on line 7 and a corresponding statement.
Thank you!
mgdtax
Level 3
09-01-2022
01:22 PM
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Thank you @Intuit_Al !
I found the screen 29.1 input, but it still wasn't working until.... I randomly changed the type of return on Screen 1 from Grantor Trust to Charitable Trust/Charitable Lead Trust. The reason I had it set to Grantor Trust is the attorney who set it up told me it's a grantor trust. All other fields on the 5227 were showing up with either Grantor or Charitable trust settings. Very interesting, I wonder if that's something that needs to be changed by the Lacerte programmers.
Thank you!
