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Level 1
February 16, 2022
Question

1120-S Statement A Error - Name won't carry.

  • February 16, 2022
  • 1 reply
  • 2 views

Problem and solution!

I spent a few hours on the phone with support trying to fix a Statement A Error (shareholder name didn't carry) on an 1120-S that had a loss.

Found that if I went to the 199a Worksheet and marked "Yes" for qualified business, it fixed the error. I could even change it back to "No" and the error stayed fixed.

Hope this save you some time.

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1 reply

Level 10
February 16, 2022

Thank you for posting a solution. That will not doubt help others.

 

You may want to mark your post as "Solved", someone commented that that might be easier to spot for someone doing a search.