Discussion:S Corp OAA and STCG created by BIG

1) Seems that the Federal TR is OK. On the CA tax return, when I go to the Schedule K, this is a CA adjustment for the net unrealized receivables. The cap gain is also included on Page 1 of the 100S but ehn excluded so as not to double tax it at 1.5%. My concern is that it seems that the client will now have to pay regular CA income tax on the STCG that is flowing through on her Schedule K (even though she already had to pay the CA equivalent of the BIG tax on it at 8.84%.) How is this handled in Proseries or is it already presented correctly?

2) Getting an error on this 1st year S Corp return on the CA side. The OAA account message that appears is that "Line 3, column b cannot be less than or equal to 0." I have read that federal taxes attributable to a C Corp tax year belon here. So, does this mean the BIG tax that was paid goes here? What's the purpose.

Asa always, I really appreciate your guidance on my questions. Any takers in the SF Bay Area that would like to review this return for me in the next couple of days would be great!! Paid, of course! Thank you.