502VK1-020 e-file error
This happens when form 502 is being filed and schedule VK-1 Part III, line 10 has an amount.
Error message
502VK1-020: If Form 502 is filed, Form 502 Schedule VK-1 Part III, Line 10 (Pass-Through Entity Elective Tax Credit) must not be populated.
Solution
- Go toTax Forms, then theStatesfolder.
- Go toVirginia, thenVK-1 – Owner Income, Deductions, Creditfolder.
- Go to the(shareholder name), VK-1 Page 2folder.
- Go toPart III, thenLine 10.
- Remove the amount.noteIf you want to keep the amount on the line you will have to paper file the return. This is a limitation by the state.
- Do a full recompute, then recreate the e-file.