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- Illinois - S Corp Proseries messed up the IL K-1 Worksheet with the new PTE
Illinois - S Corp Proseries messed up the IL K-1 Worksheet with the new PTE
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Ephesians3-14
Level 8
01-26-2022
07:08 AM
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Looks like ProSeries did an update to the Illinois Sched K-1 Worksheet yesterday. There is a checkbox for "Include on K-1-P(3)?" which is not flowing correctly. My client is an S Corp shareholder who owns 100% of the Illinois S Corp. He is an IL resident, so that checkbox should NOT be checked. But ProSeries is hard-coding the "X" and not allowing me to remove it. (Unless I override it which I shouldn't have to do).
This IL S Corp is NOT electing the new PTE election for 2021, so that checkbox on the K-1 worksheet should be blank and it should NOT be populated with an "X". When ProSeries made a programming change for the PTE election on the IL S Corp return, they messed up this checkbox.
EDIT: IGNORE THIS - I NOTICED THAT THE SHAREHOLDER'S STATE OF RESIDENCY WAS "L" AND NOT "IL". THAT'S WHAT CAUSED THE ERROR.
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1 Comment 1
IntuitMark304
Employee
01-31-2022
11:11 AM
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Ephesians3-14,
I am glad you found the source of your issue. Regardless, thank you for taking the time to report the issue. Your comments could help other users with a similar problem and also provide us with valuable feedback on how we can make our software better in the future.
