This article will explain how to link your business income to show aggregation of business operations as discussed in Section 1.199A-4 and provide an explanatory statement.
To link multiple businesses to show your first aggregation of business operation - Individual module
To link multiple businesses to show your first aggregation of business operations - Fiduciary module
To make the Safe Harbor Election when aggregating Rental Real Estate income - Individual and Fiduciary
Forms view and filing the return
Worksheets Schedule B - Aggregation of Business Operations
Once complete, the aggregate income will be displayed in Forms view within the Worksheets. Each aggregate grouping will be listed separately. Example: Aggregation 1, Aggregation 2, etc.
The Schedule B - Aggregation of Business Operations worksheet is automatically included as a statement with the e-filing of the tax return. The Lacerte options to Auto Generate and Attach PDFs to E-Files should be set to yes for this to occur.
Once the e-file has been created within the e-file wizard, the following information will be displayed on the General Information page in Forms view.