Drake Tax - 1040: Note 488 - Form 4137

Return Note 488 produced when nothing is entered on screen 4137

Return Note 488 generates when there is an entry in the Tips received column without an entry on the Tips reported column of the 4137 screen. The note will also generate when there is an amount entered on the Allocated tips line of the W2 screen without an entry on the Tips reported column of the 4137 screen.

Drake Software recommends reviewing the return for accuracy and making any changes that may be necessary. Note 488 can be cleared by going to the 4137 screen in data entry and entering the appropriate amounts in the Tips reported column, if needed.