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Level 2
March 10, 2023
Question

Why do I get a critical diagnostic asking for Partnership info, if I am importing a K-1 from an 1120-S return?

  • March 10, 2023
  • 1 reply
  • 4 views
The 1120S return has a loss, and Form 7203 was attached.
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1 reply

itonewbie
Level 15
March 11, 2023

It's not clear from your question what you're actually referring to.

Critical diagnostic is generated not for data import but e-filing rules checking.  In other words, you shouldn't get a critical diagnostic for importing a K-1 from 1120-S.

Import of K-1 works if the business return was prepared within ProConnect Tax.  Is that what you have?

https://proconnect.intuit.com/support/en-us/help-article/import-export-data-files/import-k-1-proconnect/L6qxUaoj4_US_en_US

---------------------------------------------------------------------------------Still an AllStar