Question

Filed form 1120...received a notice that we did not file form 4626...Turbo Tax Business did not calculate of produce this form...where is the update for this?

Forum|Forum|2 years ago
May 7, 2024
2 replies
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TurboTax Free Edition Online

A

Anonymous_

Employee

See https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotaxbusiness_fed_windows_corp.html

Not supported

R

Realtyal

"If you filed form 1120, there's a question on schedule K line 29c that triggers the filing requirement for 4626. I incorrectly checked no (meaning not exempt/safe harbor) & received the same request as you (my C corp is tiny)"....

The Fix??? (at least for me...)

"I'm planning on filing an amended return & responding with a cover letter saying I checked the wrong box."

Wish I could take credit for this, but it's seagull672 who gets the credit for helping me with this same issue.

Good luck,

Al

J

johnfineran3

And if you do not have K1?

R

Realtyal

Sounds like you are getting two different forms mixed up... Not a "K1", but rather your "Schedule K," it is part of your 1120 just after the "schedule J." I think it's on page 5 of your Form 1120. Double check, and you'll see "line 29c." Change it from "NO" to a "YES." Read it, you'll see that it triggers form 4626.

Happy filing!!

Al