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If you're preparing a 1065, that's from your input for Gross Receipts and Gross receipts for Section 59A(e) (AG) from passthrough K-1 under Schedule K > Passthrough K-1's on the tab for Line 20.
If this is not applicable, you can enter -1 (yes, negative 1, which stands for 0 PTO/Lacerte-speak) on the line for Gross receipts for section 59A(e) [Override], which is on the Less Common Scenario tab under Schedule K > Other Schedule K Items > Other Schedule K Items. This will eradicate the computed amount and what's available for Special Allocation.
Check your input under Taxes > Base Erosion Tax (8991).
I am still not seeing anything. I have searched "8991" and "base erosion" can't find anything under 8991
Can you be more specific about where exactly you see gross receipts showing up?
Under Special Allocations (to partner capital accounts) - > total available.
If you're preparing a 1065, that's from your input for Gross Receipts and Gross receipts for Section 59A(e) (AG) from passthrough K-1 under Schedule K > Passthrough K-1's on the tab for Line 20.
If this is not applicable, you can enter -1 (yes, negative 1, which stands for 0 PTO/Lacerte-speak) on the line for Gross receipts for section 59A(e) [Override], which is on the Less Common Scenario tab under Schedule K > Other Schedule K Items > Other Schedule K Items. This will eradicate the computed amount and what's available for Special Allocation.
ok, thanks so much!
@RB6Glad to be of help. If an answer solved your problem, please consider marking that a solution to help other users who may have similar questions.
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