Generating fiduciary Schedule J (1041) in Lacerte

Follow these steps to generate Schedule J in the Fiduciary module:

1. Go to Screen 61, Accumulation Distribution (Sch. J). 
2. Select the blue General link from the left navigation panel.
3. Check the box labeled Trust is subject to throwback rules after 8/5/97.
4. Select the 1 from the left navigation panel. 
5. Enter the Throwback year (enter as 1969, 1970, etc.).
   • This should be the earliest year—in four-digit format—to which an accumulation distribution is applicable.
6. Enter all applicable information for the year: 
   • Distributable net income
   • Tax-exempt interest included in DNI
   • Distributions
   • Taxable income
   • Tax
   • Tax on income other than LTCG (tax years prior to 1979 only)
   • Net short-term gain allocable to corpus
   • Net long-term capital gain allocable to corpus
   • Long-term capital gain deduction
   • Prior throwbacks
7. Click Add from the left navigation panel to add an additional throwback year, if applicable.