Discussion:Enter passive foreign tax credit in Lacerte

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{{ForumNewPost|UserID=Mbnadel|Date=20 August 2008|Text=In Lacerte, how do I enter a foreign tax credit from rental property where there is depreciation in the US and none in the foreign country so that the credit will be limited by the passive loss rules. }} {{ForumNewPost|UserID=Mbnadel|Date=20 August 2008|Text=In Lacerte, how do I enter a foreign tax credit from rental property where there is depreciation in the US and none in the foreign country so that the credit will be limited by the passive loss rules. }}
 +
 +{{ForumReplyPost|UserID=Bjeter|Date=20 August 2008|Text=Step 1: Fill in a profile.
 +
 +Step 2: Say to yourself, "I am a tax professional and as such don't need to rely on a two-bit outdated software program like Lacerte. I'm going to do myself a favor and switch to a much better tax preparation software package."
 +
 +Step 3: Relax and enjoy a good single malt scotch.}}

Revision as of 19:32, 20 August 2008

Discussion Forum Index --> Advanced Tax Questions --> Enter passive foreign tax credit in Lacerte
Discussion Forum Index --> Tax Questions --> Enter passive foreign tax credit in Lacerte

Mbnadel (talk|edits) said:

20 August 2008
In Lacerte, how do I enter a foreign tax credit from rental property where there is depreciation in the US and none in the foreign country so that the credit will be limited by the passive loss rules.

Bjeter (talk|edits) said:

20 August 2008
Step 1: Fill in a profile.

Step 2: Say to yourself, "I am a tax professional and as such don't need to rely on a two-bit outdated software program like Lacerte. I'm going to do myself a favor and switch to a much better tax preparation software package."

Step 3: Relax and enjoy a good single malt scotch.

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