I'm using Turbo Tax Business 2024 to complete a trust tax return. When running the error check I get the following error message: "Colorado Form 105, p3-4: Sch B subtotal percent should not be greater than 100%"
Another user reported this same error back in 2022:
"It appears TurboTax Business is taking the full Tier 2 distributions and not just the federal distributable income. Based off the Form 105 Instructions, I believe TurboTax is incorrectly pulling the total distribution information from Federal1041, Sch B, Line 11. It should be using the Distributable Net Income from Federal 1041, Sch B, Line 7."
Apparently, Turbo Tax has still not fixed this error.
When will Turbo Tax fix this error?
You'll need to sign in or create an account to connect with an expert.
Did you manage to adjust the taxable income so that it reflected the correct amount so that you could file?
Yes, I did a manual override to correct the amounts. But Intuit/Turbo Tax should fix this issue so that a manual override would not be necessary.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Gary2173
New Member
elevate1396
Returning Member
rhondajoy125
Level 3
wvlucas253
New Member
weaslebub
Level 2