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February 24, 2023

CT-1065/CT-1120SI Program Error

  • February 24, 2023
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Re: Part 9 - Allocation of PE Tax Credit to Members

It appears that the Member # in Column A gets incorrectly transferred to the Column D total when there are no Direct or Indirect PE Credits shown in Columns B and C. The Allocated Credits then transfer to and misstate each member's K-1. Oddly, if there are amounts in either Column B or C, the Cloumn D total seems to compute correctly.

My workaround was just to blank out the Column D amounts with overrides.

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