K-3 Special Allocations

[Maria8]

Please add Schedule K-3 special allocations.  Override Sch K-3 input does not have the fields equivalent to the one on Schedule K-2.

[TaxStroyer]

Did you figure out a work around or are we just stuck?

[IntuitBrittneyS]

Hello @Maria8 @TaxStroyer the product may need to be updated. Under Tools > u should be able to view Lacerte updates there. It will tell you if one is available. If this does not help please let me know.

Brittney

[TaxStroyer]

It does not help.  The program really needs to pick up specially allocated K-1 items automatically for K-3 purposes and not calculate based upon profit sharing percentages if there are special allocations.

[TaxStroyer]

How is this not fixed yet?  Very disappointing...

[ypa]

Any update on this?

[ypa]

What can be done is to click compute in screen 78.1 and then put overrides there for the K3 amount received. That will allow you to specially allocate in screen 29.