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

47685

47685

The following diagnostic is generating:

Schedule IT BUS {PrefixNum} #: The schedule is generated but no business entities are listed on Part 4. Please make the necessary entries to complete Part 4 otherwise this return will need to be filed as a conventional paper return.

Solution:

By removing them from screen 50.121 helps remove the issue and doesn't change the amounts. Sometimes this does not work if the preparer does have shareholder information listed on that screen.

Labels (2)