Should LA IT-565 page 2 Schedule C reflect the same information as on Item L of the 1065 K-1s? Lacerte tech support says no, I say yes.

[George4Tacks]

Is LA Schedule L line 21 the same as 1065 Schedule M-2?
Is this the first year of doing this return on Lacerte?

[PhoebeRoberts · Accepted solution]

My notes say, "Lacerte uses LA-source income for Sch C cap acct rec. Override in Screen 38.031."

[skkuceracpa]

Thank you this helps.  I wonder why no one in Tech support could tell me this after numerous phone calls. It also does not explain why it carries 100% of nondeductible expense there, rather than the LA percentage, if it is just supposed to carry LA amounts there.

[PhoebeRoberts]

Lacerte entity multistate tends to be kind of a mess.