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KY corporate LLET
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markpaolillo
Level 1
2 weeks ago
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Lacerte is not completing Schedule L of form 720 correctly. Section C, seems ok but Section D does not calculate at all and Section E only takes the minimum tax instead of the higher amount from Schedule C calculation
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markpaolillo
Level 1
2 weeks ago
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you must override the Schedule L input under state and local and then KY taxes. Make sure to put -1 in all fields relating to the components of COGS for Column A. I forced the prorated purchases to equal all of the prorated cogs
