California Error Regarding Form 7203

Forum|Forum|4 years ago
March 24, 2022
2 replies
11 views

Hello,

California FINALLY updated all of their forms related to the new Pass-Through Entity Tax and passage of SB113, and now I'm getting an error diagnostic on my individual client's return saying that there is a California version of the new federal basis tracking form 7203. Seriously?? I don't see anything on the California FTB website about this at all...Is this a glitch in the programming? Help please! My clients have been waiting WEEKS for their tax returns.

Lacerte Tax

This topic has been closed for replies.

S

strongsilence

Level 10

Many of us have your attitude; take a look at the comments over at Caltax.com

Apparently, we need to wait. But I'm hoping that we can attach a manually prepared 7203 for CA while we wait.

A

alisonbiancaAuthor

Level 3

Ridiculous! Thank you for sharing the Caltax posts. Ugh

A

alisonbiancaAuthor

Level 3

It has now been confirmed by California tax experts who have a direct line of communication with the Franchise Tax Board that this form DOES NOT EXIST, and there are no plans for one to exist any time soon. This diagnostic and the blank form need to be removed from the program immediately please!!

abctax55

Level 15

Hot off the Spidell presses - take note of the last sentence...

SPIDELL

Tax • Analysis • Education

California is not creating Form 7203 (03-25-22)

We have been contacted recently by many practitioners about a critical diagnostic in Lacerte and ProConnect stating that their returns cannot be filed because California Form 7203 is not available yet. The Lacerte forms availability page lists this form under California individual forms and states that it will be available March 31.

We have confirmed with the FTB that there is no California Form 7203 and they are not creating one at this time. Spidell has asked the FTB to reach out to their contacts at Intuit about this issue.

HumanKind... Be Both

Sign up

Login with SSO

Let's get you signed in

Login with SSO