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- 1120-S allocation percentage error
1120-S allocation percentage error
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taxsolutions
Level 3
Monday
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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?
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tfoti
Level 3
Monday
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you are brilliant to have changed it to 510 and 490! so creative
