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Level 2
posted Feb 17, 2023 12:52:28 PM

Why does the error check in TurboTax Business 2022 not save correcting entries - either through the step-by-step or forms options? Anyone else experience this?

The two items it will not save are the Business Code (511190) and "No Entry" option for the S Corporation Information Worksheet - SH Basis Wks Boxes must be entered.

0 3 587
3 Replies
Level 15
Feb 17, 2023 1:00:16 PM


@drsuperior11 wrote:
The two items it will not save are the Business Code (511190)....

Some codes have changed.

 

See https://www.irs.gov/instructions/i1120s#idm140308407323776

Level 15
Feb 17, 2023 1:13:02 PM


@drsuperior11 wrote:
The two items it will not save are the Business Code (511190) and "No Entry" option for the S Corporation Information Worksheet - SH Basis Wks Boxes must be entered.

If you do not want the basis calculation, check the "No" box as shown in the screenshot below.

 

Level 2
Feb 23, 2023 11:42:22 AM

Thank you.