How do I get the COGS from form 1125-A to flow to Schedule F, not 1065?

[abctax55]

You enter the farm expenses on the farm input areas (Screen 11 in Lacerte, PTO's big sister).  You don't use the 1125-A input area.

[itonewbie]

If those are livestock or items for resale, wouldn't you report those on Sch F, on Line 1 for cash method taxpayers or Part III for accrual method taxpayers?

[itonewbie]

Anna, you beat me by a couple seconds... 🤣

[NCred99]

If I remove the inventory from 1125-A then I get critical diagnostics about inventory not tying to the balance sheet.  I can't efile with critical diagnostics.  Any suggestions?  FYI - the inventory is purchased livestock that will not be depreciated

[abctax55]

Jensen, well... you do live a long ways away 😂

[Emm1234]

Did you ever figure this out? I am having the same issue. This is my first year using Lacerte, and did not have this issue with my old program. 

[Emm1234]

Did you ever figure this out? I am having the same issue. This is my first year using Lacerte, and did not have this issue with my old program.