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Resolving Errors
I am using TurboTax for Business to file a business return for an S-Corporation. I am attempting to file electronically and TurboTax claims that there are (3) errors in the return that are preventing me from filing the return:
- Form 1120S Line 23B is zero. I have no capital gains and Schedule D is blank, but it is flagging that as an error.
- Additional Taxes Smart Worksheet Line A Recapture of Investment Credit - also zero. I have never claimed an investment tax credit and form 4255 is blank, but it is flagging that as an error.
- Form 1120S Business Code - TurboTax is claiming that my business code is invalid, but this is the same code I've used for years that was copied from last year's return.
I don't believe that these are actual errors. I suspect that these are bugs in TurboTax. How do I get rid of these errors?
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March 3, 2024
6:06 AM