
Generating the 7217 in Lacerte
by Intuit• Updated 1 month ago
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:
- Go to Screen 94 Partner's Report of Property Distribution.
- 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.
- 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.
- If e-filing: Print the completed 7217 to PDF. See the Partial print instructions here.
- Go to Screen 4.4 e-file PDF/Miscallaneous.
- Select the PDF Attachment button.
- Select the Attach PDF button and browse to the PDF created in step 4.
- 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:
- Go to Screen 81 Partner's Report of Property Distribution.
- 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.
- 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.
- If e-filing: Print the completed 7217 to PDF. See the Partial print instructions here.
- Go to Screen 4 Electronic Filing.
- Select the PDF Attachment button.
- Select the Attach PDF button and browse to the PDF created in step 4.
- 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:
- Go to Screen 89 Partner's Report of Property Distribution.
- 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.
- 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.
- If e-filing: Print the completed 7217 to PDF. See the Partial print instructions here.
- Go to Screen 3.2 Electronic Filing.
- Select the PDF Attachment button.
- Select the Attach PDF button and browse to the PDF created in step 4.
- Under Link to form (defaults to main form), select Form 7217 - Partner's Report of Property Distributed by a Partnership.