Personal Tax- Share of Partnership Trading/profits, SA104S is greater then zero OR is negative etc OR 3001 8223
Article ID
personal-tax-share-of-partnership-trading-profits-sa104s-is-greater-then-zero-etc
Article Name
Personal Tax- Share of Partnership Trading/profits, SA104S is greater then zero OR is negative etc OR 3001 8223
Created Date
12th July 2024
Product
Problem
IRIS Personal Tax- Share of Partnership Trading/profits, SA104S is greater then zero OR is negative etc or 3001 8223
Resolution
If you have a Partnership entry for the period and get the error:
- Load the client in PT and relevant year
- Open the period
- Business Details
- Tick ‘Force Full Partnership pages’
- Regenerate the return.
- If you still get the SA104s is greater then zero: You may have an overlap entry that has been entered twice – eg: once for Trading Income and again for Other Income – and therefore has been claimed twice. Trading income overlap must be utilised against any transitional part profits, which is automated by the software. By adding the second Other Income overlap value, and setting it against other income, it has also reduced the adjusted profit value in box 16 and this is what triggers the validation, so revisit the overlap and ensure that the correct amount is claimed.
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