Error: S-corporation Basis Schedule required

Error Message

S-corporation Basis Schedule is Required in E-file: Based on data entry, the basis schedule for S-corporation [Entity Name] must be attached to the electronically filed return as a PDF. The predefined title, Shareholder Basis Worksheet, can be selected when adding the PDF attachment(s) in Organizer\E-file\Attachments\Summary. After attaching the PDF file, go to Organizer\E-file\Attachments\ Additional PDF requirements, and check the applicable box to eliminate this diagnostic.

Solution

Go to
Tax Forms
Federal
Schedule E - Supplemental Income and Loss, Page 2
.
Select
Detail K-1 Information
on Line 28A to go to
Workpaper: Line 28 K-1 Information
.
Verify the basis computation requirement. If the
Column (e) - Check If Basis Comp Is Required
checkbox is selected, the S-corporation basis is being calculated and the basis schedule is required to be attached as a PDF.
note
If GoSystem calculates the S-corporation basis, the system will print the basis schedule with Schedule E if any of the following fields have data:
Shareholder's Basis Worksheet - Line 6 Distributions;
Shareholder's Basis Worksheet - Line 9 Nondeductible expenses, depletion, business credits;
Shareholder's Basis Worksheet - Line 11 Allowable loss and deductions;
Shareholder Loan Basis Worksheet - Line 4 Principal portion of debt repayment;
Shareholder Loan Basis Worksheet - Line 13 Nondeductible expenses in excess of stock basis;
Shareholder Loan Basis Worksheet - Line 15 Allowable losses in excess of stock basis;
If the checkbox on the Activity Information is marked S-corporation stock was disposed and/or force Schedule E, page 2, S-corporation basis computation is required checkbox.
If this checkbox is marked incorrectly, unmark the checkbox:
Go to
Tax Forms
Federal
Sch E - Supplemental Income and Loss, Page 2
Line 29b
.
Go to the K-1 name in the 2nd grid then select
Partnership/S-Corporation Print Detail
and clear the
Basis Comp is Required
checkbox.
Do a full recompute, then print.
If the checkbox is marked correctly, attach the PDF:
Select
Organizer
E-file
Attachments
PDF Attachments
Summary
Attach PDF
.
Attach the S-Corporation Basis Schedule PDF.
Go to
Organizer
E-file
Attachments
Additional PDF Attachment Requirements
.
Select
S-Corporation Basis Schedule
.
Do a full recompute, then print.