Statements
PrerequisitesYou should be familiar with or have completed the Adding Clients exercise. ObjectiveIn this exercise, you will create a supporting statement and use the Supporting Detail feature to designate ownership for MFJ returns. FactsAdd a MFJ client and open Screen 25, Itemized Deductions. Create a supplemental statement for Doctors, dentists, and nurses. |
Set this item to print as a statement. Enter the following items:
|
Doctors, dentists, and nurses |
||
|
Description |
Amount |
TS |
|
Dr. Brown |
125 |
S |
|
Dr. Smith |
385 |
T |
|
Dr. Jones |
225 |
T |
Program Considerations
Lacerte prints supporting statements when required by the IRS. Using the Supporting Detail feature, you can create additional supporting statements for any numeric input field for which the program does not automatically print statements. In addition, you can specify where the statement prints: as a non-printing memo only, with the worksheets, or with the statements.
You can check the Proforma descriptions box to age the descriptions for the next year's return.
The program automatically totals entries in the Supporting Detail input and inserts the total in the related input field.
For Married Filing Joint returns, you can designate amounts for taxpayer and spouse using the TS column.
You can also use Supporting Detail to allocate income and expenses between multiple state returns. Enter the allocated amounts and identify the appropriate state by entering its U.S. postal abbreviation in the State column. If necessary you can designate the amount as Source (S) or Non-source (N) in the Source column (for multi-state returns).
Note: The State and Source columns are only available on multistate returns.
The icon at the end of the input field changes to indicate that expanded detail exists for that field. When you process the return, the supporting statement prints as designated.
How?
To create a statement:
- Create an MFJ client.
- Open Screen 25, Itemized Deductions.
- Click the
button at the end of the Doctors, dentists, and nurses field.
- Edit the title for the statement if desired.
- Select Statement for the Print as option.
- Enter the statement information from the Doctors, dentists, and nurses table above.
- Click OK.
Tips & Shortcuts
Supporting Detail can be used in conjunction with lists. You can create a list for the description field in the Supporting Detail input for descriptions that are commonly used for that particular input field. You can also access Supporting Detail by pressing [Ctrl]+[E].
Review
You should now have a statement that can be viewed by clicking the Forms tab, then the lower tab for Supporting Detail.
Troubleshooting
Problem: I can't open Supporting Detail.
Solution: Make sure you are in a numeric input field, then click the button or press [Ctrl]+[E] to create a supplemental statement.
