Does Lacerte support Form 5471 and GILTI? Or someone has ideas how to calculate GILTI?

Lacerte definitely has both Form 5471 and Form 8992 (GILTI) but you would need to do your own calculations to get the figures that need to be input on both forms. The GILTI inclusion would be taxed at regular rates and included at Line 21 of Schedule 1 on the 1040 by Lacerte so no tax calculations required. It does fall into it's own "Section 951A" Form 1116 basket for purposes of calculating allowable foreign tax credits as well. No cfwds allowed. The issue though is that individuals are eligible to make Sec 962 election so that corporate tax rates apply to the GILTI. You would then manually calculate that and Lacerte has provided guidance re: how to input this.This poses a problem though because there does not seem to be an override to have the GILTI inclusion removed from the income tax calculation, thus the income is double taxed. Have posed this question to Lacerte and awaiting a response. Thus far my only solution is to manually calculate the income tax attributable to GILIT, then back out the proper amount using a negative entry on the Sec 962 input screen to make the tax on the GILTI inclusion the proper 21%. Note that individuals are also eligible for the Sec 250 deduction and would need to include a Form 8993 with the 1040 to caim this, along with the proper Sec. 962 election.