42083
The following diagnostic is generating:
CBT-100S, Schedule K, Part IV B: For electronic filing purposes, the following fields may not be negative: Beginning balance.
Solution:
(e) Part IV-B New Jersey Earnings and Profits Account - The account reflects New Jersey C Corporation earnings prior to any New Jersey S corporation election. Line 1 - Enter the beginning balance of the New Jersey E and P account. For the first year of the New Jersey S Corporation election, the beginning balance of the earnings and profits account will be the retained earnings of the corporation prior to the New Jersey S election. If the retained earnings of the corporation prior to the new Jersey S election is a negative amount, enter a zero.
