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This article applies to:

  • Product: ONESOURCE Income Tax
  • Return type: 1065 Partnership
  • State: California,Connecticut,Idaho,Illinois,Kentucky,Maryland,Minnesota,Montana,Nebraska,New Jersey,New York,North Carolina,Ohio,Pennsylvania,Texas,Utah,Wisconsin
  • Subject: e-file

502VK1-020 e-file error

This error occurs when Form 502 Schedule VK-1 Part III, Line 10 contains a value, including 0. The
Pass-Through Entity Elective Tax Credit
 field must be empty for Form 502 filings.

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. This credit only applies to 502PTET.

Solution 1: Remove the value from the K-1 aggregation file

  1. Go to
    Organizer
    Virginia
    E-file
    Attachments
    K-1 aggregation
    K-1 Aggregation
    .
  2. Review the VA K-1 aggregation file for the PTE credit field.
  3. Remove any "0" value for the PTE credit. The field must be empty or blank, since "0" counts as an existing value.
  4. Re-attach the file.
  5. Run a full recompute, then recreate the Virginia e-file.

Solution 2: Clear the override on Schedule VK-1

  1. Go to
    Tax Forms
    States
    Virginia
    Schedule VK-1
    [Partner Name]
    Schedule VK-1, Page 2 Line 10
    .
  2. Clear the override for individual partners.
  3. Run a full recompute.
  4. Recreate the Virginia e-file.

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