Using Turbotax for Business, I have a S-corp ownership percentage change effective for January 1, 2023. The software interprets this as effective 11:59pm on the change date, so it calculates the percentages for 1/1/23 through 1/1/23, and then 1/2/23 through 12/31/23 (which does have a very small percentage variance). Changing the effective date to 12/31/22 causes an error in the audit check because the effective date is for a prior tax period.
Thoughts on how to override this nuance?
