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s corporation tax return not going through


Naveen Mohan from New York

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I have just tried efiling my first S corporation tax return but Drake system gave error code 0014 QBI adjustment required and the message said:

The adjustment will be made available in the software early January. It is recommended the return not be filed until all QBI adjustment are reported.

I am confused because Drake also said that they have started accepting business return on January 8, 2019.

I called Drake customer support and all rep said that Drake is still working on the issues but she could not give me any timeline.

Has anybody else run into this problem. If so how did you get around it and what type of business return are going though the system right now?

Thanks for your help.

 

Naveen Mohan

 

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We have not run into this issue (but I also think we have not filed any s-corp returns yet; just finished an 1120-H today that needs paper-filing anyway).  I'd say hold on for the update Drake says is coming,  ALL the software vendors are having issues with QBI-related items.  Different specifics, but they're all having issues here or there.

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