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Common questions about Pennsylvania Schedule O deductions in Lacerte

SOLVEDby Intuit8Updated June 26, 2023

Below, you'll find answers to frequently asked questions about Pennsylvania Schedule O in Lacerte:

How do you enter the 529 plan contribution information so that it flows to Schedule O and to the front page of PA 40?

  1. Go to Screen 50, Income.
  2. Under the St. Inc. panel, select Pennsylvania Modifications (Sch. A/B/O).
  3. In the Beneficiary panel under Other Mod, select 1.
  4. Under the section Pennsylvania Schedule O Deductions, enter the Beneficiary name, Beneficiary SSN, and Contribution.

Schedule O, page 1 will now populate and put the resulting Deduction on line 10, page 1 of PA-40.

There's a maximum limit of $15,000 per beneficiary per taxpayer-spouse.

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