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, selectCities and Intangibles, thenPortland, Multnomah.
- SelectMetro Supportive Housing Tax Return, thenMETBIT-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, selectCities and Intangibles, thenPortland, Multnomah.
- SelectCity 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.