Fed 1065 complete with no errors. IL review gives me the following
Form IL-1065 p2: Line 35 total of all occurrences of Sche B Step 2 Col E must equal the result of Form 1l-1065 Step 5 line 35 plus Form IL-1065 step 5 Line 26 and Form IL-1065 Stemp 5 Line 27 minus Form Il-1065 Step 4 line 21. One possible reason is that dollar allocations on the K-1 Worksheet do not transfer from the federal return.
First, it seems silly that it would do that, second, how do I figure out what it is and where to put it in the state return?
I am off by $50,000. The only amount match I have is 401k contribution (but I realize that may not be it)
I have called TurboTax, after 45 minutes they sent me a link to the IRS page concerning the 1065, no help there, any suggestions?
For TurboTax Business State return assistance, you should contact Support via the link below.
https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632
I truly appreciate the reply, however, I have had two lengthy calls 1) After about 45 minutes they sent me a link to the IRS webpage about 1065 and 2) after about 30 minutes I was told it was a known error in the program and there would be an update the 17th that would correct it (there wasn't) both reps were very nice, but I didn't have the impression they knew any more about TurboTax than I. How do I get someone that actually knows the software?
@bradwill wrote:
How do I get someone that actually knows the software?
Knows the software AND knows something about IL-1065; the combination of the two is somewhat difficult. I imagine you can only continue to try Support and request someone with knowledge of the Business edition AND the Illinois state partnership module.