Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Lacerte Tax
- :
- Lacerte Tax Discussions
- :
- Re: Form 5227 Page 2 Part III
Form 5227 Page 2 Part III
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
mgdtax
Level 3
08-31-2022
06:53 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
How do I get information onto line 7 of part III on page 2 of Form 5227? I don't see any input for this line.
Thank you
Labels
3 Comments 3
George4Tacks
Level 15
09-01-2022
10:24 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Possibly the answer is in this help article.
Answers are easy. Questions are hard!
Intuit_Al
Community Manager
09-01-2022
11:14 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Hello @mgdtax , the input can be found in Screen 29.1, Charitable Payee. In addition to the Charitable Payee Information, enter the amount in Distributed in current year from prior year's income (1041-A, line 17 or 5227, part III, line 7) . This should generate the amount on line 7 and a corresponding statement.
Thank you!
mgdtax
Level 3
09-01-2022
01:22 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thank you @Intuit_Al !
I found the screen 29.1 input, but it still wasn't working until.... I randomly changed the type of return on Screen 1 from Grantor Trust to Charitable Trust/Charitable Lead Trust. The reason I had it set to Grantor Trust is the attorney who set it up told me it's a grantor trust. All other fields on the 5227 were showing up with either Grantor or Charitable trust settings. Very interesting, I wonder if that's something that needs to be changed by the Lacerte programmers.
Thank you!
