IL1065-9430-1 e-file error

Form IL-1065 (Rule IL1065-9430-1): Form IL-1065 Step 7 Line 51 must equal Form IL-1065 Step 7 Line 47 divided by Form IL-1065 Step 7 Line 50. If greater than 1 or less than zero, enter 1.000000. Note: If the denominator of the division equals zero, the result of the division is assumed to be 1.000000.
This e-file error will show if the Form IL-1065 Step 7 line 51 doesn’t equal Form IL-1065 Step 7 line 47.

Solution

  1. In Tax Forms, select
    States
    , then
    Illinois
    .
  2. Select
    IL-1065
    .
  3. Go to Page 3, line 51 and clear the override.
  4. In Organizer, select
    States
    , then
    Illinois
    , then
    State Adjustments
    .
  5. Go to
    Net Income and Tax Penalties and Payments Pass-through entities payment
    and clear the override amount.
  6. In Tax Forms, select
    States
    , then
    Illinois
    .
  7. Select
    Sch B
    , then go to
    Page 2
    .
  8. Select
    Schedule B Summary
    .
  9. Column G needs to have an amount greater than 0.
  10. Column B contains P so column H must equal column G 1.5%
  11. If Column G (amount) is greater than 0 and Column B contains N then verify that Column H equals Column G multiplied by 7%.
  12. Perform a full recompute and recreate the e-file
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