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Common questions about New York shareholder's modifications in Lacerte

by Intuit Updated 4 months ago

Below, you'll find answers to frequently asked questions referring to a Shareholder's share of New York modifications:

Where do you enter a shareholder's NY state modifications on an S corporate Schedule K-1 for an Individual return?

  1. Go to Screen 20, Passthrough K-1's.
  2. Under the Sections panel, select New York Partner's Share of Adjustments.
  3. From the dropdown list in the Number column, select a valid adjustment code and description.
  4. Make entries in both the Total Amount (Mandatory) column and NYS Allocated Amount column.
Lacerte Tax 2019Lacerte Tax 2020Lacerte Tax 2021Lacerte Tax 2022Lacerte Tax 2023

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