Lacerte Tax - Partnership/1065 Features

Also See: Forms & Schedules

To learn more about Partnership/1065, or to order:

Call 1-800-669-7953

Prepare partnership returns with ease and efficiency using the Lacerte 1065 program.

Handles up to 9,999 partners for each return
Automatically prints graphic rental schedules for other rental activities
Generates election statements for general and Partnership-specific elections
Reconciles partners' capital accounts
Provides capital account summaries in condensed, expanded, or per-partner formats
Provides Schedule K-1 transmittal letter for each partner
Provides simultaneous multistate processing capabilities
Generates collated federal and state Schedule K-1 packages for distribution to partners
K-1 Export allows K-1 information to be exported from the Partnership module to the Individual module
Generates optional supporting statements for tax-exempt income and nondeductible expenses
Generates Schedule K-1 allocation summary worksheet
Generates pass-through entity summary worksheet
Electronic Filing for Federal and New Jersey Partnership returns.
Special Allocation features:
- View multiple partners on one screen
- Locate partners by number or name
- Choose between viewing only items with related allocable amounts or all possible allocable items
- Sort partners by the partner number or alphabetically by partner name
- Automatically imports descriptive entries made for the partnership in Schedule K and pass-through Schedule K-1 items
- Enter specially allocated amounts or percentages for multiple partners
- View the running total of amounts allocated for a partnership decreasing as each special allocation is entered, eliminating over-allocating or under-allocating
- Add supplemental per-partner Schedule K-1 notes at point of special allocation input
- Define special allocation groups per partnership that can be aged from year to year
- Prints supporting statements for rental properties
- Allows for pass-through entities from other partnerships and fiduciaries
- Prints investment in pass through entity schedule for each partner
- Provides easy addition and deletion of partners
- Dollar amount, percentage, and residual special allocation capabilities.

Percentage amounts when dollar entries are made
Dollar amounts when percentage entries are made
M-1 adjustments
ACE depreciation including schedules
Ending accumulated depreciation, amortization, and depletion
Sections 754, 743(b), and specially allocated depreciation
Net earnings from self-employment
Net income per books
Passive activity reporting requirements
Weighted-average Schedule K-1 allocation percentages, if change in ownership

** Terms, conditions, features, pricing, support and service are subject to change at anytime without notice.