Hi all! This is driving me insane. I am preparing a 2024 partnership return for a client with a 754 election and 743(b) basis adjustment. I cannot for the life of me locate the input to enter information about the basis adjustment so Box 20 with Code U so it will populate on the applicable K-1. Can anyone direct me on where to find the input for this information?
Sorry, that's the Lacerte screen number. ProConnect should be analogous, though - Other Schedule K Items, Other Information, Other Items, Remaining Sec 743(b) Adjustment.
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