topic Resolving Errors in Get your taxes done using TurboTax

Resolving Errors

chuck3 — Wed, 11 Feb 2026 06:54:43 GMT

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?

Re: Resolving Errors

CatinaT1 — Wed, 06 Mar 2024 18:18:23 GMT

Are you still experiencing this problem? What state are you filing in or are you just doing a federal return?

Make sure you have ran all updates.

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If using TurboTax Desktop: Please see this FAQ.

Re: Resolving Errors

chuck3 — Wed, 06 Mar 2024 18:51:39 GMT

Yes, I’m still having that problem, it’s preventing me from filing my return, and I have installed all the latest upgrades as of yesterday. I am only filing a federal return (no state). I’m convinced that it must be a bug in TurboTax to declare that I have an error in capital gains and investment tax credits when I have no capital gains or investment tax credits and both entries that are flagged as an error are zero.