Partner in a partnership is a trust. There is no selection for a trust. What do I select?

62 · ‎01-31-2020

Partner in a partnership is a trust. Lacerte doesn't have the option of choosing a trust. What do I select? I have been using "individual" but other software has trust as a selection.

George4Tacks · ‎01-31-2020

Try using Fiduciary. First make sure that it is not using a SSN instead of a FEIN.

Answers are easy. Questions are hard!

Just-Lisa-Now- · ‎01-31-2020

ProSeries has the Trust option for a partner, Lacerte has got to have it.

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62 · ‎01-31-2020

Not it doesn't have trust as an option

62 · ‎01-31-2020

It's an FEIN so I will choose Fiduciary.

Accountant-Man · ‎02-01-2020

Fiduciary means Estate or Trust.

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George4Tacks · ‎02-01-2020

@62 wrote:

It's an FEIN so I will choose Fiduciary.

Good choice.

Answers are easy. Questions are hard!

2robertblee · ‎02-26-2021

What if it is using the person's SSN? If the trust is a revocable trust. I would think to use Individual.

George4Tacks · ‎02-26-2021

I agree SSN=Individual

Answers are easy. Questions are hard!

Partner in a partnership is a trust. There is no selection for a trust. What do I select?

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