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Level 2
March 17, 2021
Question

Form 1041 Sch D transactions transferring to 541 but not correct

  • March 17, 2021
  • 3 replies
  • 10 views

The time to wait to talk to help at Pro Series is over an hour, so has

anyone ever figured out how to stop 1041 Sch D transactions from transferring to 541.

The numbers are wrong for California; I've corrected them, but the program keeps adding

the wrong ones back in; giving me twice the number of transactions.

This topic has been closed for replies.

3 replies

Just-Lisa-Now-
Intuit Community Champion
March 17, 2021

All mine appear to be correct.....can you give an example of an entry you made on the 1041 and what it turns into  on the 541?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
njdianalaAuthor
Level 2
March 17, 2021

It would be correct, except that the California has adjustments that are not required for the federal return.

Rather than the 541 just showing my changed entries, every time I leave the CA return and come back,

the 1041 Sch D transactions are added, so instead of just the three correct entries,  I have an additional

three entries flowing through from the 1041. I don't know why there isn't just a box to check to say, don't

transfer.

 

 

Just-Lisa-Now-
Intuit Community Champion
March 17, 2021

Again, without an example of what type of entry youre referring to, I cant help you decide if what youre seeing is correct or not.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪