IL1120B-3340-1 e-file error
IL1120B-3340-1: The sum of all occurrences of SchILB Section B Line L must equal the sum of all occurrences of SchILK1P Step 7 Line 53a and SchILK1T Step 7 Line 50.
This happens when the total amount reported on Line L of Section B across all Illinois Schedule IL-B forms is not equal to the total of all Sch. K-1-P line 53A plus Sch K-1-T line 50.
Solution 1
- Go toOrganizer,States,Illinoisfolder.
- Select theState Adjustmentsfolder, then thePass Through Inputfolder.
- Open theSchedule K-1-Pfolder, thenName(if it doesn't exist, you'll need to create one).
- Go toLine 53aand populate the amount of withholding here for each entity.
- Do a full recompute and recreate the e-file.
Solution 2
- Go toOrganizer,States,Illinoisfolder.
- Select theState Adjustmentsfolder, then thePass sharefolder.
- Go toPass Through Entity Tax Credit Overrides.
- Go to thePTE Tax Credit Received Distributed to Members Amountline.
- Enter the amount forColumn L.
- Do a full recompute and recreate the e-file.
