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Paula Morris
October 15, 2023
Question

Bug in Turbotax regarding S corp

  • October 15, 2023
  • 1 reply
  • 0 views

I started an S corp in 1999 with a loan from the SBA.  I did not acquire or sell shares in the S Corp in 2022, but Turbotax keeps asking me questions about a sale of shares.  How do I fix this? 

    1 reply

    A
    Anonymous_
    Employee
    October 15, 2023

    Which program (TurboTax Business?) and which type of return (1120-S?)??

     

    If you're using TurboTax Business, are you seeing this at the beginning of the interview?

    P
    Paula MorrisAuthor
    October 16, 2023

    I thought I had fixed it but it now shows a loss of $100,000 based on original capital contribution.  I don't know where the error is arising and I have to file today. 

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