Trust receives a K-1 reporting a loss that should be limited by the basis limitation (K-1 from an 1120S to an ESBT). Is there a way to track that in Lacerte? Or do I rely on Excel and only input in Lacerte amounts that are not limited by basis?
Thank you!
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"rely on Excel and only input in Lacerte amounts that are not limited by basis"
"rely on Excel and only input in Lacerte amounts that are not limited by basis"
I answered my own question, but now I know I answered it correctly. Thank you! 😀
You're welcome.
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