You are receiving the warning because The General Assembly passed legislation allowing Pass-Through Entities to elect to pay their tax on a business (entity) level at a rate of 5.75 % versus on the owner's personal level for tax years 2021-2025. The legislation provides a corresponding refundable income tax credit for tax years 2021-2025. This allows the owner to pass the taxes back off to the business versus having to pay them on their personal return.
However, you are not required to take the election. Can you verify if you are receiving the warning and can continue past the election, or does it put you in a continuous loop?
@ScottV1
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