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Limitations of Lacerte Tax Planner

by Intuit Updated 8 months ago

Below you'll find a complete list of limitations in Lacerte Tax Planner.

Tax Planner doesn't support:

  • Like-kind exchanges.
  • Schedule E (Vacation Homes).
  • Form 2106.
    • Amounts calculated by the program are exported to the correct form.
  • Form 2555.
  • Form 1116, Foreign Tax Credit.
    • You can export Form 1116 from the program.
  • Form 1040-NR - Nonresident Alien.
  • Depreciation.
    • You can import expenses except section 179 in K-1 Passthrough Screens.
  • Form 8582-CR credits.
  • Form 3800.
    • Business Credits flow through as Other Credits.
  • Oil and Gas.
    • You can import oil and gas expenses not tied to a Schedule K-1.
  • Multi-state, part-year, or nonresident calculations.

Tax Planner also doesn't:

  • Print estimate vouchers.
  • Import most overrides or adjustments from other tax programs.
    • Schedule D overrides are imported.
  • Handle state and local tax refund worksheets.
  • Handle long-term care premiums.
    • The program only exports calculated amounts to the Schedule A input.
  • Export estimate payment dates related to additional estimated payments in the fourth quarter estimate.
  • Handle net operating loss (NOL) calculations. All NOLs export into a single code.
  • Auto-save detail.
Lacerte Tax Planner

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