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How doe we enter negative number (loss) in Form 502 PTET, Section I
TurboTax is not allowing entry of a negative number - a loss - in Form 502 PTET
I am attempting to complete VA state taxes (for 2022) in TurboTax for my S-Corp and have a loss for 2022. I need to enter a negative number in Section I, Owners share of taxable income (Line 1) and then a loss in Section II Line6, and 7. TurboTax comes back with an error:"Form 502 PTET Sec II Line 7. Tax invalid for State Electronic Filing. Negative numbers are not allowed in this field"
Can I not file VA State Tax Return electronically?
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‎January 25, 2023
4:07 PM