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using Turbo Tax Business for C Corp--PA state?

Forum|Forum|3 years ago
February 8, 2023
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Trying to File PA income tax return for my C corp. We are in net loss position (1st year in business).

Does Turbo Tax Business not walk you through all the forms for state filings? Preparing RCT-101 for Pa and software asks me "do you need to complete other Pa forms"? I would think the software would complete the forms I need. In particular, looking to complete the PA RCT-103. Have manually filled in my info (net loss for the year), but there's a math error at the bottom of the form that I cannot edit. It is taking my net loss x 2 and including that as the total. The description says "Total- columns C and D lines 1-20 only" but the resulting total is 2 times my net loss and it will not let me edit the form. Any ideas how to fix this?

TurboTax Business Windows

Best answer by RobertB4444

Your net loss should carry over from your federal return and the necessary forms should be added automatically.

When you entered your net loss into the PA return you told it you had an additional loss equal to the one carried over from the federal return. You need to go back and delete those manual entries.

Then go ahead and go all the way thru the process for reviewing and filing the returns. Once you've finished the review and paid for the state filing you will be able to see the completed return BEFORE you file it. Review the return to make sure that the system has added all of the necessary forms. If you are missing anything you will be able to go back into the return and add anything you need before you file.

@Klosmo

R

RobertB4444Answer

Your net loss should carry over from your federal return and the necessary forms should be added automatically.

When you entered your net loss into the PA return you told it you had an additional loss equal to the one carried over from the federal return. You need to go back and delete those manual entries.

Then go ahead and go all the way thru the process for reviewing and filing the returns. Once you've finished the review and paid for the state filing you will be able to see the completed return BEFORE you file it. Review the return to make sure that the system has added all of the necessary forms. If you are missing anything you will be able to go back into the return and add anything you need before you file.

@Klosmo

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KlosmoAuthor

thanks very much for the reply. I've deleted my inputs and now the NOL on the "total" line is correct. I was (obviously) confused by TT's question of "do you need to add any forms"...made me think this was a manual process. Appreciate your help.