Re: Built In Gains Worksheet

hags · ‎06-09-2020

Does Lacerte have a built-in gains worksheet???? in particular with partnerships.

Thanks.

George4Tacks · ‎06-09-2020

Partnerships do not have built in gains tax. That is the purvue of S-Corps.

Answers are easy. Questions are hard!

abctax55 · ‎06-09-2020

To be even more specific... it's the purvue of C-Corps with assets that have gains/income that have not yet been taxed (including A/R's) which have converted to S-Corps.

HumanKind... Be Both

sjrcpa · ‎06-09-2020

Partnerships do have a built in gain concept. It is not a tax such as for S Corps.

No Lacerte does not have a worksheet. Excel is your and my friend.

The more I know, the more I don't know.

Built In Gains Worksheet

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