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- TX Franchise Cost of Goods Sold Elimination Error
TX Franchise Cost of Goods Sold Elimination Error
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Continuouslearn
Level 3
07-08-2020
07:49 PM
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Has anyone had an issue with Lacerte putting in a Cost of Goods Sold Elimination without any Cost of Goods Sold (CGS) input for the TX Franchise return (under corporate module)? My 2019 Lacerte shows a -3,809 number coming from apparently nowhere on a combined report in which neither parent nor affiliates have CGS input. The only eliminations references I see in the instructions refer to revenue not a reduction to CGS.
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