Welcome back! Ask questions, get answers, and join our large community of tax professionals.

10699

10699

The following diagnostic is generating:

S-Corporation #{PrefixNum}: AMT prior year at-risk loss carryovers have not been entered. The program will assume the AMT basis carryovers are zero and compute a corresponding AMT difference.

Solution:

This diagnostic generates as a critical diagnostic to alert the preparer that if this information is available, it must be entered. There is no way to eliminate this diagnostic. In addition this diagnostic may not apply to every return, but due to the importance of the information it is generating as an alert. This diagnostic WILL NOT affect the ability to print or file the return.

Labels (2)