The new basis statement for S-Corps did not carryover basis correctly. For clients we have already filed or started working on, their addl paid in capital is missing now

[IRonMaN]

The software isn't all knowing, sometimes you have to add some additional information to make it work.

[amber1]

We had already entered the paid in capital and the basis statements were correct.  However, under the new update that happened today, the information has now disappeared on the updated/revised basis statement forms.  That means for every business we have already entered information for in 2021, each return now needs to be gone back through and reentered.

[IRonMaN]

That sucks.  I know the recent update caused some chaos for those types of returns.

[Just-Lisa-Now-]

Locking down accepted returns so an update cant change them, is looking like a good plan, even if its another step.

[sagarcpa]

Agreed!  A return I finished last week and just opened to e-file had a bunch of errors in the return.  Turns out it was the new Sh Basis Wks.  It is expanded and great but not what I need to deal with the last week of filing Corporate returns...The carryforward of prior losses was not there and had to be entered manually to match the pdf basis worksheet I saved when I finished the return... A heads up by Intuit that a major change to a calculated form should have been announced with an alert!

[sagarcpa]

Lisa - Can you remind us how to lock the returns?  I would like to do that for all my other e-filed returns...And go back this summer and make sure the amounts match what was e-filed

Thanks!

NEVERMIND!  I found it...