Troubleshooting Lacerte diagnostics ref. 334, 335, 25286, and 35624

The following diagnostics are generating in Lacerte:

• The Partner's total profit allocation percentage does not equal 100%.(ref. #334)
• The Partner's total capital allocation percentage does not equal 100% (ref. #25286)
• The Partner's total loss allocation percentage does not equal 100%. (ref. #335)
• The Partner's total profit allocation percentage does not equal 100%.(ref. #35624)

Data entry may be affecting the total percentage values to either be less than 100%, or more than 100%.

You need to make sure the partner percentages equal 100% and that there are no overrides or incorrect/incomplete entries. Follow each set of instructions below in order to resolve these errors.

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Follow these steps to make sure partner percentages equal 100%:

1. Go to Screen 8, Partner Percentages.
2. Enter a percentage under the following columns:
   •  Beginning and Ending Profit
   • Loss Sharing
   • Ownership of Capital
3. Make sure the Totals for each column equals 100%.

If the Totals equal 100%, you may have overrides entered on Screen 32.1, Schedule K-1 Miscellaneous.

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Follow these steps to check for overrides:

1.  Go to Screen 32.1, Schedule K-1 Miscellaneous.
2. Select a partner from the left navigation menu.
3. Locate the Schedule K-1 Miscellaneous Information section.
4. Scroll down to the Gross Receipts per Regulations 1.59A-7(e)(2) [O] (Partnership, Corp, or LLC Partners Only) subsection.
5. Make sure there are no entries in Schedule K-1 allocation percentage (xx.xxxx) [O] (code 500).
6. Repeat steps 2-5 for each partner.

If there aren't any overrides on this screen, you may have incomplete or incorrect entries on Screen 9, Change of Ownership.

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Follow these steps to check for incomplete or incorrect entries:

1. Go to Screen 9.1, Change of Ownership.
2. Select a partner from the left navigation menu.
3. Check for any incomplete or incorrect entries.
   • Percentages entered here can affect the calculation of the Schedule K-1, but won't change the percentages in Box J.
4. Repeat step 2 and 3 for each partner.
   • If these totals don't equal 100%, you must use Screen 29, Special Allocations to allocate the unassigned amounts. 
   • If there are partners listed which have no interest in the partnership in the current year, they must also have information entered for the periods indicated, with -1 for percentages.

If there aren't any entries in Screen 9.1, Change of Ownership, you can change your settings to require manual entry of the partners' ownership of capital.

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Follow these steps to require manual entry of partners' ownership of capital for all clients:

1. From the Settings menu, select Options.
2. Select the Tax Return tab.
3. Scroll down to the Federal Options section.
4. Set the Partners ownership of capital to Manual.

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Follow these steps to require manual entry of partners' ownership of capital for only one client:

1. Go to Screen 3, Miscellaneous Information.
2. Within the User Option Overrides section.
3. Enter a 1 in the Partners' ownership of capital: 1=manual, 2=automatic [O] field.
   • This option will override your user options.

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