Issue

The taxable income is matched up with my statements,  I am receiving below validation error when I click on Validate to the Annual Return:

Check taxable income

How can I clear this error?

Cause

This error occurs when a negative amount is entered in Section B or Section C of the Annual Return. 

Negative expense

1. Record as income
2. Update the Business Event to reflect the correct tax treatment

Negative income

1. Record as an expense
2. Update the Business Event to reflect the correct tax treatment

Refer to our knowledge article, How to clear the Validation Error related to negative Investment expenses in the Annual Tax Return for the detailed troubleshooting process.