topic VA 502ADJ in State tax filing

VA 502ADJ

Countingcat — Tue, 20 Feb 2024 13:14:40 GMT

I have amended my 502 because of the ERTC receipt. Everything seemed to transfer from the federal 1120S to the state 502 form. There is also a necessary 502ADJ form but no information transferred to that form. Wondering if it is because there is no refund or taxes due with this form for an S corp? Or should something be entered because of the changes on 1120S due to ERTC? Just seems odd to require a totally blank form.

Re: VA 502ADJ

RobertB4444 — Wed, 28 Feb 2024 16:46:34 GMT

The 502ADJ is required because of section D related to an amended return. However, because this is an S-Corp return, there were no taxes due or adjustments to the taxes. So, while it is weird to require a blank form, sometimes both taxes and Virginia are weird.

@Countingcat

Re: VA 502ADJ

Countingcat — Wed, 28 Feb 2024 21:31:18 GMT

Thanks. I second the weird.