MTE 21BZT19 Form P e-file error

MTE 21BZT19 Form P 'Not allowed if 'IncBeforeOpLossDdctMLT' is a loss.: OperatingLossDeductMLT cannot be more than 75% of IncBeforeOplossDdctMLT.

This happens when the Net operating loss is more than 75%.

Solution

In Tax Forms, select Cities and Intangibles
, then Portland, Multnomah
.

Select Metro Supportive Housing Tax Return
, then METBIT-65
.

Review the net operating loss on line 12. Loss can't be more than operating loss and can't be more than 75% of line 11.

To make corrections to the amounts:

In Organizer, select Cities and Intangibles
, then Portland, Multnomah
.

Select City and County Adjustments
.

In the METBIT-65 Entry section, review if there’s any entry or make a correction in this field.

Paper file the return.