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Generate Form 8855 in the 1041 module of Lacerte

by Intuit Updated 9 months ago

To generate Form 8855, Election to Treat a Qualified Revocable Trust as Part of an Estate: 

  1. Go to Screen 69, Election to Treat a QRT as Part of an Estate (8855).
  2. Use the overrides if the information is different than Screen 1, Client Information. Skip to Step 3 if the information is the same as entered on Screen 1. Your override options are:
    • Name of estate (or filing trust) [O]
    • Address of estate (or filing trust) [O]
    • City, state, ZIP code of estate (or filing trust) [O]
    • EIN of estate (or filing trust) [O]
    • Type of entity prior to the election: 1 = domestic estate, 2 = foreign estate, 3 = domestic trust, 4 = foreign trust [O]
  3. Enter the Name of decedent.
  4. Enter the SSN of the decedent.
  5. Enter the Date of death of decedent.
  6. Enter the Name of executor (or filing trustee).
  7. Enter the Date of executor's appointment.
  8. Click on Qualified Rev. Trust 1 from the top left navigation panel.
  9. Enter the Name of trust.
  10. Enter the Name of trustee.
  11. Enter the Address of trust.
  12. Enter the City, State, ZIP code of trust.
  13. Enter the EIN of trust.
  14. Click on Add from the left navigation panel to add additional Revocable trusts.
Lacerte Tax

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