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- Form 1099 Consolidated input need an upgrade!
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Form 1099 Consolidated input need an upgrade!
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Form 1099 Consolidated input need an upgrade!
Form 1099 Consolidated input need an upgrade!
Submitted by Bendler 4 weeks agoThe current process of entering data from Form 1099 Consolidated/Composite statements into Lacerte tax software requires input under three separate modules (Interest, Dividends, and Dispositions), is inefficient, time-consuming, prone to errors, and lead to missed data. Given the complexity of Form 1099-CONS and its significance in both individual and business returns, we propose a dedicated section under the Income tab for 1099 Consolidated. This section would allow for the entry of all types of income, dividends, interest, capital gains/losses, and miscellaneous items reported on this form in corresponding subsections, all within a single screen per statement's issuer and account number.
This streamlined approach would significantly enhance the efficiency and accuracy of tax preparation. Similar arrangements have proven effective in other tax preparation software, such as ProSystem (CCH). Please consider the upgrade!
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