Skip to main content
Level 6
March 13, 2024
Question

Reject message on attempting to E-file S Corp return

  • March 13, 2024
  • 1 reply
  • 18 views

The error message is the shareholder's address must begin with a letter or number.  There are 2 shareholder's, address is fine in ProSeries.  The number of shareholders is not.  Last year 2 of the shareholders were bought out by the remaining 2.  I have not been able to successfully change the number from 4 to 2.  I checked the instructions which read any shareholders from the prior year will not transfer if the K-1's were marked "final".  In this case both shareholders whose shares were bought in 2022 had the "final" box checked on their K-1.  I tried deleting the share holder information, deleted the entire transferred file from 2022.   Nothing works, not even overriding the number of shareholders.  Please advise how to correct so that an extension can be filed timely..  

This topic has been closed for replies.

1 reply

IRonMaN
Level 15
March 13, 2024

Uncheck the box indicating the return is going to be e-filed.

Slava Ukraini!
dsocpaAuthor
Level 6
March 14, 2024

Well, I tried, more than once.  I think I'm just going to re-enter the entire return as if a new client.

IRonMaN
Level 15
March 14, 2024

My suggestion would work for the extension.  The phantom K-1 for e-filing is another issue.  You could leave the former shareholders in the return and reflect them as zero percent owners to successfully e-file the return.   The phantom K-1 issue flares up from time to time and is a bugger to clear up once it hits.

Slava Ukraini!