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

by Intuit5 Updated 1 year ago

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.
Lacerte Tax