Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

error #42061

don90630
Level 2

Getting #42061 error when only one state - no apportionment.

 

Labels (1)
0 Cheers
1 Solution

Accepted Solutions
don90630
Level 2

New Mexico form S-Corp pg1 and pg 2 S-Corp A

Problem fixed by entering Yes to the Auto Apportionment Calculation field on input sheet 50.21.

I was wondering why there needs to be an apportionment if New Mexico is the only state loaded. I suppose that field forces a calculation. I suppose a company could do business in another state and not choose to file in such state.

Thanks for responding.

 

 

View solution in original post

0 Cheers
3 Replies 3
sjrcpa
Level 15

What type of return and what state?


ex-AllStar
0 Cheers
don90630
Level 2

New Mexico form S-Corp pg1 and pg 2 S-Corp A

Problem fixed by entering Yes to the Auto Apportionment Calculation field on input sheet 50.21.

I was wondering why there needs to be an apportionment if New Mexico is the only state loaded. I suppose that field forces a calculation. I suppose a company could do business in another state and not choose to file in such state.

Thanks for responding.

 

 

View solution in original post

0 Cheers
don90630
Level 2

I meant to type input sheet 50.251

0 Cheers