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What type of return and what state?
The more I know the more I don’t know.
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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.
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I meant to type input sheet 50.251
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I am preparing a 1120S and getting the same diagnostic (42061). When I enter 1 (yes) for automatic apportionment, I get another diagnostic # 45815 "One or more of the New Mexico apportionment factors was eliminated due to being insignificant.... The return must be paper filed.
How do I get of this so I can efile? The return only has one state
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I have not yet prepared my client's multistate returns for 2021. I will get back to you - probably after March 15th. My client needs to file for an extension.
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Me too. 100% NM and #40885 and #42042 or #42061are not solved yet as far as I can tell. Only NM is loaded. And 100% NM income is on the S-Corp-1. So S-Corp-A would not be required.
