![ProConnect Help](https://uxfabric.intuitcdn.net/web-app/sh-exp-pcg-app-experience/pcg_ohh_icon.2bb472dd.png)
Troubleshooting Lacerte diagnostic ref. #25213 - Allocation factor for shareholders doesn't equal 100%
by Intuit• Updated 8 months ago
The following critical diagnostic is generating in Lacerte:
- Total Allocation Factor for the Shareholders is Not Equal to 100%. You have entered information that is computing a total allocation factor of XXX%. Check your entries for each shareholder in Screen 6 and/ or Screen 7 and adjust as necessary." (ref. #25213)
In prior years, this was diagnostic ref. #25206.
Follow these steps to resolve the diagnostic:
- Go to Screen 6, Stock Ownership.
- Locate the Number of Shares Owned subsection.
- Make sure that either:
- The number of shares owned at End of tax year is correct, or
- The Percentage of stock owned at year end (xx.xxxxxx) [O] equals 100%
- Go to Screen 7, Change in Stock Ownership.
- Make sure that either:
- The Number of shares owned (-1=none) adds up to the total of Shares entered on Screen 6, Stock Ownership in each period for each shareholder, or
- The Percentage (xx.xxxxxx)(-1=none) [O] equals 100% for each shareholder
This diagnostic can also generate due to a rounding issue on a change of ownership. If this is due to rounding, use the Shareholder's ownership percentage (xxx.xxxxx)(Box F of K-1 only) [O] on Screen 36, Schedule K-1 Misc./Schedule B-1to enter ownership percentages equal to 100%.
Sign in now for personalized help
Ask questions, get answers, and join our large community of Intuit Accountants users.
More like this
- How to resolve Lacerte diagnostic ref. 10120 - OH apportionment percent has been calculatedby Intuit•2• Updated November 20, 2023
- How to resolve Lacerte diagnostic ref. 25312 - amount of distributions entered on S-Corp Schedule K, line 16dby Intuit•101• Updated November 20, 2023
- How to resolve Lacerte diagnostic ref. 34721 - OH schedule of credits NR ratio is greater than 1.0000by Intuit•3• Updated November 20, 2023
- Troubleshooting Lacerte diagnostic ref. 315 and 316by Intuit•95• Updated November 20, 2023
- How to resolve Lacerte diagnostic ref. 8982by Intuit•18• Updated November 20, 2023