Lacerte-mortgage interest

[veritas]

Just discovered a complete section dealing with mortgage interest in the input section for itemized deductions. It appears it will track loan balances, excess interest and equity debt.

Sweet!

[Gene V]

Just discovered a complete section dealing with mortgage interest in the input section for itemized deductions. It appears it will track loan balances, excess interest and equity debt.

Sweet!

Thanks; it’s about time they put that option in.

[dsi]

Cool.. I just found it at the bottom of Lacerte's itemized deductions tab. Thanks for pointing this out Veritas.

[sea-tax]

At first glance at the program this year it appreared that Lacerte made very few changes to the program. However as I have begun to actually use it I see that they did make a lot of little changes and on there own are not really noticable but once you put all of these together they actually are pretty good.

[Gene V]

I don’t know if you notice, but Lacerte added Schedule D Import Wizard.
This wizard simply guides you through the process of importing Schedule D data into the tax
Program from an Excel spreadsheet (or any comma delimited text file such as a .CSV file).

Access this from screen 17

[Art Knapp]

I like the new the new mortgage interest fields in Lacerte. It will be a PITA to get the input for this year, but will be a huge benefit for future years. I have been asking for this for years.

Lacerte also added additional fields to reconcile the ending K-1 Capital Account to the tax basis account (share of liabilities). This will be a PITA for the first year, but after that it will be a big help.

I have been using Lacerte for almost 25 years. They are great!

[DTS]

Worksheet

Would one of you guys be willing to print up and fax me a blank worksheet that shows the tracking of the limitation? If so, let me know and I'll leave my fax or email in your PM box. I would really like to look it over.

Thank you,

Dennis

[S T]

Print Screen

I, like Dennis, would also be interested in this. Is there a way to print screen your input on Lacerte, so it would provide something similar to a worksheet?

The mortgage interest limitations with all of the the refinances in Calif is going to give us a headache, I am sure.

Thanks,

Sandy

Fax 919-585-2953

[John of PA]

Thank You Lacerte Users

Thank you, I was not aware of this feature.