taxsolutions
Level 3
02-03-2025
01:56 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I was getting an error on an 1120-S for incorrect allocation percentage. I had 51 and 49 shares for the two shareholders. Once I changed it to 510 and 490 the error went away. Am I missing some new S-corp requirement or is it a bug?
Best Answer Click here
Labels
tfoti
Level 3
02-03-2025
03:02 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
you are brilliant to have changed it to 510 and 490! so creative
