Dinosaur Posted June 15, 2010 Posted June 15, 2010 Have an end of year valuation for 2008 (as of 12/31/2008) and switched to beginning of year in 2009 (as of 1/1/2009). The amount of the excess contribution for the 2009 Schedule SB line 11a is carried forward from line 38 of 2008 Schedule SB. Line 11b wants the effective interest rate for 2008 to add interest to this excess contribution. I believe that they would be no interest added to this amount since the carryover from 2008 is as of 12/31/2008 and the values for the 2009 Schedule SB is as of 1/1/2009. I am using Relius and if I put 0% it gives me a warning that if cannot be blank if 11a has a value. If you put the effective interest rate in 11b it adds a year of interest. Am I missing something?
FAPInJax Posted June 15, 2010 Posted June 15, 2010 Enter the prior year interest rate. Right click on the interest calculated and select to do an override of zero. The error should disappear.
Dinosaur Posted June 15, 2010 Author Posted June 15, 2010 Enter the prior year interest rate.Right click on the interest calculated and select to do an override of zero. The error should disappear. I tried that but it's still treating my 0 as a blank and looking for a value
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