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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

  1. Go to
    Tax Forms
    , then the
    States
    folder.
  2. Go to
    Virginia
    , then
    VK-1 – Owner Income, Deductions, Credit
    folder.
  3. Go to the
    (shareholder name), VK-1 Page 2
    folder.
  4. Go to
    Part III
    , then
    Line 10
    .
  5. Remove the amount.
    note
    If you want to keep the amount on the line you will have to paper file the return. This is a limitation by the state.
  6. Do a full recompute, then recreate the e-file.

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