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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
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- Re: What "Resident State" do I enter for a foreign beneficiary in the beneficiary input screen 6?
What "Resident State" do I enter for a foreign beneficiary in the beneficiary input screen 6?
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KarenA
Level 2
09-01-2024
04:57 PM
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When you have a foreign beneficiary, if you do not enter a state in the beneficiary input screen 6, you get a critical e-filing diagnostic. This question was asked in 2021 and the answer was to enter "US". However, entering "US" does not work in the 2023 Lacerte fiduciary module.
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BobKamman
Level 15
09-01-2024
05:12 PM
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There's a box on the K-1 for checking "foreign beneficiary." Have you figured out how to get that box checked? (I'm not a Lacerter.) If it's checked and the program still wants a state, then I wouldn't lose any sleep over it because all the K-1 requires is an address. Use a state with no income tax, like South Dakota.
