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- 1120-S Statement A Error - Name won't carry.
1120-S Statement A Error - Name won't carry.
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SMassa71
Level 1
02-16-2022
09:14 AM
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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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jeffmcpa2010
Level 11
02-16-2022
10:22 AM
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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.
