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- Lacerte Form 1065 Individual Partner Adjustment
Lacerte Form 1065 Individual Partner Adjustment
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daddyhawki
Level 1
03-15-2026
04:25 PM
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I have 2 partner partnership. Partnership has -0- taxable income. Lacerte is adding $304 to current year income on partner #1 K-1, Line L. It is subtracting $304 on Partner #2 K-1, Line 2. All Other schedules/forms balance, no discrepancies noted. I am not able to determine how or why Lacerte is randomly adding & subtracting this $304. If anyone has information on this situation, it would be appreciated
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2 Comments 2
abctax55
Level 15
03-15-2026
05:27 PM
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I would check/verify any (all) specific allocations if there are any.
HumanKind... Be Both
Solvangcpa
Level 2
03-20-2026
11:57 AM
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As prior commentor mentioned I would resolve through special allocations. Worst case scenario, create a $1 capital addition then use special allocation screen to offset the income amount on each partner to make the ending balances accurate.
