error #42061

Forum|Forum|5 years ago
April 2, 2021
1 reply
6 views

Getting #42061 error when only one state - no apportionment.

Lacerte Tax

This topic has been closed for replies.

Best answer by don90630

New Mexico form S-Corp pg1 and pg 2 S-Corp A

Problem fixed by entering Yes to the Auto Apportionment Calculation field on input sheet 50.21.

I was wondering why there needs to be an apportionment if New Mexico is the only state loaded. I suppose that field forces a calculation. I suppose a company could do business in another state and not choose to file in such state.

Thanks for responding.

sjrcpa

Level 15

What type of return and what state?

The more I know the more I don’t know.

D

don90630AuthorAnswer

Level 3

New Mexico form S-Corp pg1 and pg 2 S-Corp A

Problem fixed by entering Yes to the Auto Apportionment Calculation field on input sheet 50.21.

I was wondering why there needs to be an apportionment if New Mexico is the only state loaded. I suppose that field forces a calculation. I suppose a company could do business in another state and not choose to file in such state.

Thanks for responding.

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