163(J) statement with K-1s to provide business interest, adjusted taxable income, and gross receipts info?
When an S-corp is not subject to 163j but the shareholders could be it is my understanding that I need to provide a statement with the K-1 providing each shareholder their share of business interest expense, adjusted taxable income, and gross receipts information. From screen #80 I'm able to select that the shareholders could be subject to 163j limitations and to carry the amounts from 8990 which is only a worksheet. However, the K-1 footnote only provide the business interest expense and does not provide adjusted taxable income or gross receipts info. Is there a place in Lacerte to get the adjusted taxable income and gross receipts info to flow to the shareholder footnote? I know I could manually create a note with each K-1 but for entities with dozens of shareholders this seems crazy considering the information is already in Lacerte.