Generating the 7217 in Lacerte

This article will help you get the 7217 in the partnership, S corporation, or individual tax return starting in 2024. This informational form won't impact the calculations on the tax return but may be required by the IRS. This form isn't automatically e-filed with the return and will need to be included as a PDF attachment. See the IRS instructions for who must file this form.

To generate the 7217 in the Individual module:

1. Go to Screen 94 Partner's Report of Property Distribution.
2. Complete Part I Aggregate Basis of Distributed Property on Distribution Date for each different distribution date.
   • Use the Add button on the left to enter additional copies.
3. In Part II, enter the property that was distributed on the date.
   • Make any basis adjustments as needed, such as 732(a)(2) or 732(b). See the IRS instructions for 7217 for more information.
4. If e-filing: Print the completed 7217 to PDF. See the Partial print instructions here.
5. Go to Screen 4.4 e-file PDF/Miscallaneous.
6. Select the PDF Attachment button.
7. Select the Attach PDF button and browse to the PDF created in step 4.
8. Under Link to form (defaults to main form), select Form 7217 - Partner's Report of Property Distributed by a Partnership.

To generate the 7217 in the Partnership module:

1. Go to Screen 81 Partner's Report of Property Distribution.
2. Complete Part I Aggregate Basis of Distributed Property on Distribution Date for each different distribution date.
   • Use the Add button on the left to enter additional copies.
3. In Part II, enter the property that was distributed on the date.
   • Make any basis adjustments as needed, such as 732(a)(2) or 732(b). See the IRS instructions for 7217 for more information.
4. If e-filing: Print the completed 7217 to PDF. See the Partial print instructions here.
5. Go to Screen 4 Electronic Filing.
6. Select the PDF Attachment button.
7. Select the Attach PDF button and browse to the PDF created in step 4.
8. Under Link to form (defaults to main form), select Form 7217 - Partner's Report of Property Distributed by a Partnership.

To generate the 7217 in the S Corporation module:

1. Go to Screen 89 Partner's Report of Property Distribution.
2. Complete Part I Aggregate Basis of Distributed Property on Distribution Date for each different distribution date.
   • Use the Add button on the left to enter additional copies.
3. In Part II, enter the property that was distributed on the date.
   • Make any basis adjustments as needed, such as 732(a)(2) or 732(b). See the IRS instructions for 7217 for more information.
4. If e-filing: Print the completed 7217 to PDF. See the Partial print instructions here.
5. Go to Screen 3.2 Electronic Filing.
6. Select the PDF Attachment button.
7. Select the Attach PDF button and browse to the PDF created in step 4.
8. Under Link to form (defaults to main form), select Form 7217 - Partner's Report of Property Distributed by a Partnership.