Error "K-1 Wks-S Corporations: Box 17 Code V has been selected but no Section 199A income has been entered on Statement A"
The QuickZoom to enter Code V Section 199A information does not take you to statement A input. When is this going to be corrected?
Intuit is totally dragging their feet on this issue. Several weeks into the tax season and they STILL haven't resolved it. I talked to my other colleagues who use Drake and Tax Slayer - both of those programs are up and running with QBI, and no problems. What have the ProSeries programmers been doing the past 10 months?
When I originally posted this question, I found a post from another preparer. I wish I could remember who it was to give the credit. The suggestion was to scroll all the way down the K-1 input. Towards the bottom is where you can enter the information. The problem is the link. It does not take you there. I was able to get rid of the error message. I do hesitate to finalize the tax return until it is fixed as I worry there are other issues that I may not be aware of. It is very frustrating to have multiple returns that I could finish but am afraid to do so.
This is what I found last week.....but is not working now....anyone can take it from here???
....I think I may have found a fix for this error. I switched to forms view, went to Statement A for the K-1 and entered the TT-calculated UBIA into the UBIA field on the Statement. I ran the error check again and it cleared. For some reason the program must not be pulling the UBIA into the Statement for the K-1. I'm crossing my fingers this works.
Thank you so very much for this. I at least now feel comfortable returning and collecting for the returns. I did tell them I would not file until the update. Seriously thank you for this info, and to the original poster thank you if you read this!