terrycpa
Level 3

I just checked on the 3 S-Corps I sent last night.  1 was accepted and 2 were rejected.  A little more details were given, and the problem seems related to the new supplemental K-1s.  Later this morning I'll verify each number on them and recalculate any formulas to see if I can find an error.

The lack of communication from Intuit is what is frustrating.  Other software companies post what is going on with each update and what fixes are on the way.  We are left guessing.  

In case you do any SC S-corp returns, beware of the new I-435 PTE tax calculation.  Instead of subtracting sec 179 deduction, the program ADDS 179 and over calculates the SC tax.  So enter the 179 as a negative.  The printout looks odd with a double negative, but it calculates correctly for now.  Of course until Intuit suddenly corrects it and then my completed returns are once again wrong.

0 Cheers