
Entering intangible drilling costs from a Schedule K-1 on a fiduciary return
by Intuit• Updated 1 year ago
In Lacerte, where do you enter intangible drilling costs from a Partnership Schedule K-1, box 13, code J, into a fiduciary return?
To enter intangible drilling costs from a Partnership Schedule K-1:
- Go to Screen 25, Passthrough K-1's.
- Under the Schedule K-1 panel, select the pass-through entity, or add one by selecting Add.
- Scroll to the Oil & Gas section.
- Enter the Intangible drilling costs (20T).