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Investors & landlords
@JotikaT2 previously posted the following in another thread as to how to resolve this issue:
It sounds like the net operating loss was correctly transferred to your K-1 when you completed your 2021 tax returns. There should not be any amounts listed on your California S-corporation return as it no longer exists at the corporate level... Any net operating losses from 2021 would be reflected on your individual return unless they were utilized in 2021 or 2022. California conforms to this treatment. Please see section E from form 3805q instructions for more details.
To remove the error, you will need to go back into the interview section for California and remove the NOL amount listed for 2021. This should remove the error and allow you to proceed.
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