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13253: 1120S - EF Message 0688


1120S Sub S Corporate

How would I clear EF Message 0688 on my 1120S?

If you are receiving EF Message 0688 on your S-corporation return, your total ownership percentages on the K1s do not add up to 100%.

Instead of changing your ownership percentages, enter the number of shares at the start of the year in the field provided, allowing the software to automatically calculate the percentage of ownership.


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