IL1065-1030-1 e-file error
IL1065-1030-1: If FormIL1065 Step 1 Line F (Inv Ptnrship) contains an X, then FormIL1065 Step 5 Line 35 Box B must contain an X and FormIL1065 Step 6 Line 36 through FormIL1065 Step 7 Line 47 must be equal to zero.
This happens when there’s inconsistent data in the Illinois 1065 on Step 1 Line F, Step 5 Line 35 Box B, and from Step 6 Line 36 through Step 7 Line 47.
Solution 1
- Go to folder.
- SelectIL-1065, then go toIL-1065, Page 1.
- Clear theLine F classified as an investment partnershipcheckbox if you want to keep the values.
- Go to folder.
- SelectReturn Optionsand go to thePrint Optionssection.
- Clear thePrint Investment Partnership with no numeric data on Form IL-1065, Step 6checkbox.
- Do a full recompute and recreate the e-file.
Solution 2
To update the values for Step 6 Line 36 to Step 7 Line 47:
- Go to folder.
- SelectIL-1065, then go toIL-1065, Page 2.
- In Step 6,Line 36throughIL-1065, Page 3, Step 7, Line 47must equal 0.noteIf you have enteredNONE, remove it and leave the field blank.
- To make changes in Step 6:
- Go to folder.
- SelectState Adjustments, thenBase Income Allocationand remove the values.
- To make changes in Step 7:
- Go to folder.
- SelectNet Income and Tax, thenNet Income and Replacement Tax.
- Do a full recompute and recreate the e-file.
Solution 3
If you want to keep the values or
NONE
, follow these steps to adjust Step 1, Line F.To change Step 5 Line 35 Box B:
- Go to folder.
- SelectIL-1065, thenIL-1065, Page 2.
- In Step 5,Line 35, Box Bmust containX.
- To select the box:
- Go to folder.
- SelectGeneral Information, then go to theGeneral Informationsection.
- MarkIf base income or net loss is derived out of state.
- Do a full recompute and recreate the e-file.