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Level 2
October 16, 2023
Question

Form 8810

  • October 16, 2023
  • 1 reply
  • 9 views

I am trying to file an 1120 tax return with the Form 8810 (Corporate Passive Loss and Credit Limitations) and the system does not let me. Where can I check in Proseries that this is a CLOSELY HELD CORPORATION? 

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1 reply

Level 6
October 16, 2023

carmona,

In order to get the Form 8810 to become part of the return, a value must be present on either line 1d or line 6 of the form.  I don't know of any place to check a box to indicate that the filing if for a closely held corporation.  Hope this helps.

 

carmonaAuthor
Level 2
October 16, 2023

Thank you! I tried that and the while I see the form filled out does not do anything to the 1120 page one. It is supposed to equal the deductions to the income. Any thoughts?