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Entering a Box 14, Code H Adjustment for Section 1411 from a Fiduciary K-1 into a return in Lacerte

SOLVEDby Intuit26Updated July 25, 2023

To enter the amounts for the adjustment:

  1. Go to Screen 42, Other Taxes.
  2. Locate the field Other modifications to investment income [A] and enter the amounts from the Schedule K-1.
    • Enter the amount exactly as it is on the Schedule K-1.
    • If it's a negative number, enter as a negative; if a positive number, enter as positive.

This will take the amount directly to Form 8960, Line 7 and incorporate it into the computation for receiving the fiduciary's net investment income and deduction adjustment, and will also be included in the receiving fiduciary's beneficiary(ies) Schedule K-1, Box 14, code H.

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