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Returning Member
posted Feb 2, 2023 2:42:47 PM

Turbo Tax Business VA Return

I see some posts from prior years.  But, I am having lot of issues with TurboTax for Business (Desktop) with filing State return for VA.  Form 502 and 502 PTET have put me in a loop in the e file phase.  I have deleted and redone the return twice.  I have gotten rid of for 502A.  I am even willing to get rid of 502 PTET but it wont let me.  It gives me error on non resident stock holders because I have none and I say 0.  It is a simple 1 person S Corp.  Any help will be appreciated.  It also gives me error on company name.  Do you think 2022 software is not ready to file.  If so, they should just say that instead of wasting my time.

0 6 578
6 Replies
Expert Alumni
Feb 2, 2023 3:23:23 PM

There is a known issue in TurboTax Business regarding the VA 502PTET form.  You can clear the nonresident owner information by following these steps:

 

  1. Within your tax return use the Forms icon to switch to Forms mode
  2. Scroll down in the left-hand menu and click on Form 502, PTET
  3. Scroll down to Section I - Income
  4. Use the + to the left of each highlighted red box under Column A Nonresident Owners
  5. In the pop-up window, check the box at the top Check this box to NOT print this supporting statement
  6. Repeat steps 4 & 5 for each red box
  7. Go back to Step-by-Step mode with the icon at the top of the screen and continue your review of your returns

Returning Member
Feb 3, 2023 6:42:05 AM

This did not help.  I did not have these items as red but I still did what you say.  It gives me warning to check the product updates and highlights the company name.   Then on Form 5o2 PTET and it does not accept 0 for number of fiduciary and non-resident owners.  That is the start and possibly the end of the problem.  I am the sole owner and live in VA at the same address as the company.

Expert Alumni
Feb 3, 2023 7:22:42 AM

It would be helpful to have a TurboTax ".tax2022" file that is experiencing this issue.

 

You can send us a “diagnostic” file that has your “numbers” but not your personal information.  If you would like to do this, here are the instructions: 

 

At the top menu in the black line at the top of the page go to Online. 

  1. From the menu, select Send Tax File to Agent. 
  2. You will see a message explaining what the diagnostic copy is.  Click Send and then you will get a Token number. 
  3. Reply to this thread with your Token number. This will allow us to open a copy of your return without seeing any personal information.  

We will then be able to see exactly what you are seeing and we can determine what exactly is going on in your return and provide you with a resolution.

 

@SantoshChokhani 

Returning Member
Feb 3, 2023 7:30:08 AM

The token number is 1060858.  Thanks for your help. 

Expert Alumni
Feb 13, 2023 7:48:45 AM

Some Virginia TurboTax Business customers may be getting an error in review and on Form 502 PTET Line A about the number of nonresident owners.  We are working to resolve this issue.

 

See here to sign up for updates.

 

@SantoshChokhani

Expert Alumni
Feb 21, 2023 8:31:45 AM

The issue with VA Form 502 PTET Line A setting the number of nonresident owners at zero which was causing an error was submitted to the product developers and it has been resolved.  

 

Please be sure that your TurboTax Business program is updated to the latest version before completing your return.  

 

@SantoshChokhani