I use Lacerte Tax to prepare my S-corp returns. I also utilize my bookkeeping program (QB), allocating income and expenses based on ownership periods. I have tied in the QB to Lacerte in total, but thought I could allocate information onto the K-1's based upon the actual cash basis activity. There does not appear to be an allocation section in the input where I can override the calculated figures to agree with the income and expenses allocated to the period of ownership.
Do you have any thoughts as to how to complete the return? Does it make a difference if a shareholder becomes an estate due to the death of the previous shareholder?
------------------------------
Michael L. Schneider
MICHAEL L. SCHNEIDER, CPA
Cedarhurst NY
516-374-8400
------------------------------