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Lacerte Calculation Limitations - 2.14 billion

by Intuit• Updated 1 month ago

Lacerte amount limitation is  $2,147,483,647. Anything entered or calculated above this amount total will display unusual calculations. This will frequently appear as unexpected large negative amounts. These fields are intended to assist with consolidated returns, which frequently encountered this limitation.

The following input items within the Corporate Module will now allow input above the 2.14 billion dollar limitation:

Form 1120 Balance Sheet:

  • Line 2(a) - Trade Notes and Accounts Receivable Beginning of Year
  • Line 2(c) - Trade Notes and Accounts Receivable End of Year
  • Line 15(b) - Total Assets Beginning of Year
  • Line 15(d) - Total Assets End of Year
  • Line 16(b) - Accounts Payable Beginning of Year
  • Line 16(d) - Accounts Payable End of Year
  • Line 28(b) - Total Liabilities and Shareholder's Equity Beginning of Year
  • Line 28(d) - Total Liabilities and Shareholder's Equity End of Year

Form 1120 Schedule M-3:

  • Line 12(a) - Total Assets
  • Line 12(a) - Total Liabilities
Lacerte Tax