How to resolve Lacerte Tax diagnostic 59292

This diagnostic will typically generate when:

• The return includes a disposition of an asset, such as a sale.
• The required information about the disposition is not properly entered in the tax software.

To resolve this diagnostic:

1. Verify that the information about the asset disposition is entered correctly in Lacerte.
2. If the required information is missing, enter it in Screen 23, Dispositions (Schedule D, 4797, etc.).
   This may include:
   • The name of the entity that sold the asset.
   • Information about whether the asset was used in a qualified trade or business. This may involve checking a box or selecting an option in the software.
3. If the only disposition is the sale of a publicly traded security, you may need to indicate this in the software or provide additional documentation to support the exemption from the qualified business income deduction.