SB-F1040-006, SB-F1040-007-01 e-file error
This happens when Schedule B, line 7a (regarding FinCEN Form 114) and line 7b (foreign country name) do not both contain the required, matching information.
Error message
Schedule B: If country name on line 7b is present then line 7a pertaining to FinCEN Form 114 must have a choice of "Yes" indicated. (Rule Number: SB-F1040-006)
Schedule B: If Schedule B, Line 7a 'FinCENFORM114Ind" has a choice of "Yes" indicated, then Line 7b 'ForeignCountryCd must have a value. Please navigate the the Schedule B organizer under General Information, Return Options, and select a foreign country (note, the selection of a foreign country for electronic filing purposes is different from entering a text foreign country name on Line 7b). (Rule Number: SB-F1040-007-01)
Solution
- Go to tab.
- In theSchedule B - Interest and Dividendssection, select an option from theIf FinCEN Form 114 is required, indicate the foreign countries where financial accounts are locateddropdown.
- Do a full recompute and recreate the e-file.