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Has anyone else noticed that the shareholder basis calculations for the 2nd owner for S-Corps with more than one owner did not transfer from the 2023 ProSeries software to the 2024 ProSeries software?
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The shareholder listed first in the return did transfer over, but the second one did not. I only checked two returns thus far.
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Worked with ProSeries support and I had to update the 2023 software, delete all 2024 S-Corp returns in the 2024 software and then re-transfer the 2023 1120S returns into the 2024 software and this appears to have corrected the basis issue.
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Yeah, that is a common curse with the software - transfer too early and be penalized with bugs. Next year we should all wait until we are sure the transfers won't cause any issues. September 14th maybe? 😬
Slava Ukraini!