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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.
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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.
Thanks. I second the weird.
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Countingcat
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VirginiaSCorp
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