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Error: The field ‘MaximumDeemedOwnershipPct’ is unexpected

This error occurs when the
Reportable Entity Partner
information is incomplete or the ownership percentage is entered incorrectly.

Error message

Validation failed on [FILE_ID]: Form: IRS1065ScheduleM3[1][@documentId='IRS1065ScheduleM3] ReportableEntityPartnersGrp[1]/Item[1]/MaximumDeemedOwnershipPct[1] Description: Maximum Percentage of Deemed Ownership Requirement: Expecting ReportableEntityPartnerSSN, ReportableEntityParnterEIN Error: Field 'MaximumDeemedOwnershipPct' is unexpected Element Name: MaximumDeemedOwnershipPct XPath: //IRS1065ScheduleM3[@documentId='IRS1065ScheduleM3']/ReportableEntityPartnersGrp[1]/Item[1]/MaximumDeemedOwnershipPct[1] XML Fragment: 0.87156 Field Key: 141,1727,130,0,0,0,0,0,0 Error Code: c00ce014 Error Reason: Element '{http://www.irs.gov/efile}MaximumDeemedOwnershipPct' is unexpected according to content model of parent element '{http://www.irs.gov/efile}Item'. Expecting: {http://www.irs.gov/efile}ReportableEntityPartnerSSN, {http://www.irs.gov/efile}ReportableEntityParnterEIN.

Solution

  1. Go to
    Organizer
    Balance Sheet and Reconciliation
    Sch C, Sch M-3 and Form 8916-A
    Sch C, Sch M-3 and Form 8916-A
    Reason M-3 Filed Tab
    Reportable Entity Partner with respect to the partnership owns or deemed to own an interest of 50% or more
    .
  2. Make sure each
    Reportable Entity Partner
    has the following:
    • An
      ID Number
      entered.
    • The
      Percentage
      is less than 1 (entered as a decimal fraction, such as 0.50 for 50%).
  3. Do a full recompute, then recreate the e-file.

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