ProConnect HelpIntuit HelpIntuit

Resolving ProConnect Tax diagnostic ref. #25547 for final return excess deductions

SOLVEDby IntuitUpdated September 07, 2023

This diagnostic may be generated due to excess deductions or an NOL that hasn't been distributed in the final year of the fiduciary.

The diagnostic states:

"This is a FINAL return with either excess deductions on termination or an NOL that has not been allocated to any remainderman. To properly distribute these items, make entries in the 'Ordinary' column for 'Other (Schedule B, line 10)' (Ref #25547)

How to remove the diagnostic

  1. Go to Input Return Beneficiary/Grantor Information / 1041 Distributions
  2. Select Distribution Percentages in the dropdown list
  3. In the grid, enter distribution percentages in the Required (Sch. B, ln 9) columns and the Other (Sch. B, ln 10) columns (for final year)
    • Only fill in the columns for Other (Sch. B, ln 10) in a final year

Was this helpful?

You must sign in to vote, reply, or post
ProConnect Tax

Sign in for the best experience

Ask questions, get answers, and join our large community of Intuit Accountants users.

Dynamic AdsDynamic Ads