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1120 e-file errors

SCHK2K3-010 e-file error

If [SchedulesK2K3OtherDeductionsStatement] is present in the return, then it must be referenced from one and only one of the following: Schedule K-2 (Form 1065) or Schedule K-3 (Form 1065) or Schedule K-2 (Form 1120-S) or Schedule K-3 (Form 1120-S) or Schedule K-2 (Form 8865) or Schedule K-3 (Form 8865).
This happens when Schedule K2 and K3 Other Deductions Statement is present in the return but isn't referenced from only one of the following: Schedule K-2 (Form 1065) or Schedule K-3 (Form 1065) or Schedule K-2 (Form 1120-S) or Schedule K-3 (Form 1120-S) or Schedule K-2 (Form 8865) or Schedule K-3 (Form 8865).

Solution

  1. Go to
    Organizer
    , then
    Foreign Information
    .
  2. Select
    Shareholders' Pro Rata Share Items
    .
  3. In the
    Shareholders' Pro Rata Share Items
     folder, go to
    Basic Return Information
    .
  4. Check the field
    Activate Schedules K-2 and K-3 for 1120S (does NOT activate 8865 Schedules K-2 and K-3)
    .
  5. Do a full compute, recreate the e-file, then resubmit.

This article applies to:

  • Product: GoSystem Tax RS
  • Return type: 1120 Corporation
  • State: Alabama, Arizona
  • Subject: e-file
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