ProConnect HelpIntuit HelpIntuit

Entering Line 14E net investment income from an estate or trust K-1 in Lacerte

SOLVEDby Intuit249Updated July 17, 2023

Lacerte doesn't have specific input for Line 14E, Net Investment Income from an estate or trust Schedule K-1. To enter this information, follow these steps:

  1. Go to Screen 20, Passthrough K-1's.
  2. Select Estate or Trust Information from the left section box.
  3. Select the appropriate entity in the Estate or Trust box.
  4. Select Line 14 - Other Information from the lower-left section menu.
  5. Enter the amount in the field Other net investment income (portfolio income automatic) [Adjust]
  6. The amount will flow to Form 4952, Line 4a when the form is being generated.  The amount will also show on the federal K-1 Reconciliation Worksheet under the Form 4952 section.

Was this helpful?

You must sign in to vote, reply, or post
Lacerte Tax

Sign in for the best experience

Ask questions, get answers, and join our large community of Intuit Accountants users.

Dynamic AdsDynamic Ads