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- How to override QSB Stock partner's allocation for partnership tax return?
How to override QSB Stock partner's allocation for partnership tax return?
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DianaT2025
Level 1
yesterday
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Hello,
One of the partners in the partnership are not entitled to the QSB stock sale. I entered a "-1" as instructed in Lacerte's help page but it change the total allocation to "99%" and the K-1 still showing the standard allocation. Has anyone had this problem? How to troubleshoot the calculation error?
Thanks.
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George4Tacks
Level 15
yesterday
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Remove the -1 you entered.
Do special allocations to all partners for that line number on the k-1.
Answers are easy. Questions are hard!
