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The software isn't all knowing, sometimes you have to add some additional information to make it work.
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.
That sucks. I know the recent update caused some chaos for those types of returns.
Locking down accepted returns so an update cant change them, is looking like a good plan, even if its another step.
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!
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...
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