Transferred Fed data to state return and error appears (2) in the VK1 worksheet. I try to go to the error but it just goes the worksheet, not to a specific entry.
VAAcct434,
Can you help me understand your scenario a bit more in order for us to diagnosis the issue?
My gut is that there may be some issue related to the profit/loss/owner % that are transferring down to the VA VK-1 Worksheet from the federal return. Federal allows for up to 5 decimal places in these fields while VA limits it to 2 decimal places. That transfer and rounding can cause quirks.
Example would be a partnership with 2 partners on federal. Partner #1 is a 99.99999% owner while Partner #2 is 0.00001% owner. When that data transfers down to VA, it will get rounded to be 100.00% for Partner #1 and 0.00% for Partner #2.
Look forward to hearing about your specific issue more in order to help you find a solution.
After completing the Fed return, I started on the VA return and transferred data from the Fed. It immediately gave the error, indicating 2 errors on the VK1 worksheet. I thought it might have something to do with the number of characters in the name address fields, but that didn't clear it.
I have this same error, too, on a VA 502. My ownership percentages are only 1 decimal place (12.5, 87.5) so I don't think that's my issue. Tried after newest updates and still not working.
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