E-file diagnostic: Gains and losses detail entries in top con and subcon returns not supported
Gains and Losses (1120 Schedule D and/or Form 4797): Detail entries in top con and subcon returns is not supported and will cause print, e-file, and compute issues. All detail must be entered in the member company returns. Navigate to "Organizer \ Gains and Losses \ Compute and Print Options \ Deactivation" and follow the on-screen instructions to remove the unsupported data entry in this return.
This happens when dispositions have been entered on a consolidated return instead of on the parent or subsidiary returns.
Solution
You meed to enter any dispositions on a consolidated return in the parent and or subsidiary returns.
- In Organizer, selectGains and Losses, thenCompute and Print Options.
- SelectDeactivation.
- Read the notes carefully and make a note of all the information to delete.
- Select1) Press this button to delete all gains information.
- Enter any disposition in the parent and or subsidiary returns.
- In the topcon open Organizer, selectConsolidated Returns.
- SelectStep 5 - Consolidate.
- SelectConsolidate.
