I think that LC never prompted me to export the K-1 after I made a change. Have you seen that? If so, what is the solution?
(I remember the days before export, when manual input of K-1s was the only option. Maybe that is the best solution.)
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It sometimes doesn't export automatically. Go to Tools, K-1 Data Export to force it.
I would just like to quote a very wise member of this community.
""*******Tax software is no substitute for a professional tax preparer*******"
LOL, George. And I admit stealing it (with his permission...) from an online friend from the old Tax Almanac forum.
Lacerte 'always' prompts me to re-export even if all I do is add invoicing info. I've never had it not prompt me - that I know of. A bit irritating but guess it prevents bad things.
And if I do make at change at the entity level, I automatically re-export as a CYA and then double check my reconciling tic marks on the individual return for any green to red changes. Especially STATE transfers as there are several areas I've found that don't flow. AMT adjustment is one (I think..)
"I would just like to quote a very wise member of this community."
As I read that, I knew that I didn't have to keep reading to find out whether or not you were going to use a quote of mine 😜
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