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Using TurboTax Business 2022: My 1120s Line 6 is blank but Line 20 has some value say 10,000. Why does my generated 8453-CORP Part 1 is all blank.
However, when I looked at my last year TurboTax Business 2021 fields, Line #6 was still blank but had a value in Line #21 in 1120S. That number in Line #21 was correctly reflected in the Part I; Line #3 of the 8453-S. I was hoping to see the same in the TurboTax 2022 business as well in the 8453-CORP form for Part I value.
So am I submitting an 8453-CORP with no values in Part I at all?
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did you read the 2022-8453-corp line 3 for what to report? Obviously not! because it's the amount from line 6 of page 1 of an 1120S. Some forms and schedules change from year-to-year. To look at what was reported on a particular line of a particular form last year can be misleading when comparing to the current year.
thanks! I did re-read after I posted the question. yes, they will indeed remain Blank.
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