Using TurboTax Business for filing Federal 1120S and California 100s for my S-corp. Have entered a State adjustment to Federal income on From 100s, Line 12 (other deductions). However, the adjustment is not being reflected in the State K-1 that the software is preparing for the shareholders. The income shown on State K-1 Box 1 is the income pre Line 12 deduction.
Is there a setting that I may have gotten wrong?
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Already spent two hours with a support person. He could not find a solution.
You might have to make an adjustment in Forms Mode, which you need to use with care.
I doubt anyone on the board can help you since they would need to be using the Business edition along with the California S corporation module.
The support person tried the Forms mode but it would not allow to overwrite the relevant numbers. He even deleted the entire State return and redid it from scratch - didn't change a thing.
If it's a bug in the software, the only remaining option seems to be to paper file :(
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