rzamloot
Level 1
04-14-2020
06:18 PM
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Yes, the 2019 Form CBT-100S, Sch C is very confusing at this point. Schedule indicates on top "must match amounts reported on Schedule M-1 of the federal return", yet Line 8 clearly indicates that it must agree to NJ Sch K, Part II, Line 8 (which is NJ "taxable income"). The Sch C is locked into the Sch K, Line 8 amount and you are forced to make adjustments in screen 31.1 to reconcile back and get to the correct book income figure. I spent over 2 hours on the telephone over 2 calls with Lacerte support. Apparently, NJ made this change late in the game and Intuit hasn't put in a fix for it, hence the mess that we have in its current state. I hope Intuit cleans this up for 2020 forms.