2020 eFiled and accepted Return now shows the Balance Sheet is Out of Balance after software upgrade

[MARK_TTbiz]

Hi, I am using Turbo Tax Business 2020, and I completed my return 2020 in 2021 and eFiled the return and it was accepted.

This year when preparing my 2021 Return, i could not find my printout of the 2020 return, so i opened TT Business 2020 to open and print my 2020 return.  Before i could view the 2020 return, i was forced to perform a software upgrade.

Now when i open this return, it is in an error status... the Balance sheet is no longer in Balance.  But in order to get by all the Error checking it MUST have been in Balance when the return was eFiled.  And i would assume unless you start an amendment, that an eFiled return cannot be changed.

I would love to ignore it and just get on with my 2021 Return, but the imported data is also out of balance... so i must correct it somehow.

wondering how to resolve the problem in 2020 without changing the 2020 return. Does anyone know what the solution might be?

TT Support has tried to help resolve the problem... but can't decide if it is a software or accounting issue.

thanks!

[CarissaM]

In order to change the 2020 return, it would need to be amended and sent by mail. 

In order to amend the return, you can follow the instructions here. 

[MARK_TTbiz]

Thanks for the information, My Intent was not to amend the return.

I think it should not have changed once efiled.

I am trying to understand why it changed.  and if possible how to undo that change.

[PatriciaV · Accepted solution]

If your 2020 business return was accepted by the IRS, there is no need to correct your original file. However, to import the correct information into TurboTax Business for 2021, these steps may be helpful:

1. Open your 2020 return in TurboTax 2020 and use File Save As with a different file name.
2. Adjust the balance sheet information to match the 2020 return AS FILED.
3. Save the file and close TurboTax.
4. Open TurboTax 2021 and start a new return by importing the corrected 2020 TurboTax file you just saved.
5. Review the imported information (using Forms Mode) to be sure the data imported correctly.

These steps should allow you to proceed with your 2021 business return with correct balance sheets for both 2020 and 2021.