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Entering Line 14E net investment income from an estate or trust K-1 in Lacerte
by Intuit•1• 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:
- Go to Screen 20, Passthrough K-1's.
- Select Estate or Trust Information from the left section box.
- Select the appropriate entity in the Estate or Trust box.
- Select Line 14 - Other Information from the lower-left section menu.
- Enter the amount in the field Other net investment income (portfolio income automatic) [Adjust].
- 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.
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