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Error: The field ‘PrincipalBusinessActivityCd’ data format is not correct

This error occurs when the Principal Business Activity Code on Form 1120 REIT doesn't match one of the 4 valid codes for equity REITs.

Error message

Validation failed on [FILE_ID]: Form: IRS1120REIT[1][@documentId='IRS1120REIT] PrincipalBusinessActivityCd[1] Description: Principal business activity code LineNumber: H Error: The field 'PrincipalBusinessActivityCd' with value '[ID]', data format is not correct. Element Name: PrincipalBusinessActivityCd XPath: //IRS1120REIT[@documentId='IRS1120REIT']/PrincipalBusinessActivityCd[1] XML Fragment: [ID] Field Key: 63,1,32,0,0,0,0,0,0 Error Code: [CODE] Error Reason: '[ID]' violates enumeration constraint of ' 531110 531120 531130 531190'. The element '{http://www.irs.gov/efile}PrincipalBusinessActivityCd' with value '[ID]' failed to parse. This error also occurs with other invalid codes or non-numeric entries.

Solution

  1. Go to
    Organizer
    General Information
    Basic Return Information
    Entity Information tab
    .
  2. Locate the
    Principal business code
    line in the
    Business Activity
    section.
  3. Enter one of the following valid codes for Item H (Equity REITs only):
    • 531110 – Lessors of Residential Buildings & Dwellings
    • 531120 – Lessors of Nonresidential Buildings (except Miniwarehouses)
    • 531130 – Lessors of Miniwarehouses & Self-Storage Units
    • 531190 – Lessors of Other Real Estate Property
  4. Go to
    Organizer
    General Information
    Basic Return Information
    Return Information
    tab.
  5. Make sure the
    Equity REIT
    is selected if the entity is an equity REIT in the
    Check If
    section.
  6. Do a full recompute, then recreate the e-file.

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