Hello,

To clear this error in the S Corporation module, please remove the zeroes that you have entered in Part II, Sections A and B. If any values are entered or calculated in Section A or Section B (including zeroes), the program will require you to check either the Formal note or Open account debt box in Section A. If the shareholder does not have any debt basis, then no amounts should be entered in Section A or Section B, and the program will not require a box to be checked in Section A.