Check for inconsistent data in 1120 consolidations
- In the Organizer, go toConsolidated Return,Step 4-Review Precon Checklist, and thenInconsistency Report.
- Use the Inconsistency Report to review inconsistent level of detail before or after consolidation. The report only prints when you select Federal C Corp and Inconsistency Report. It checks these line items:
- 1120, page 1, line 8: capital gain net income
- 1120, page 1, line 9: net gain/loss from Form 4797, Part II, line 18
- 1120, page 1, line 10: other income
- 1120, page 1, line 20: depreciation
- 1120, page 1, line 21a: less depreciation claimed on Schedule A and elsewhere on the return
- 1120, page 1, line 21b: net depreciation
- 1120, page 1, line 28: other deductions
- 4626, line 1: taxable income/loss before net operating loss deduction.
- The report details these items:
- Company number
- Return number
- Company name
- Diagnostic
- Summary input or override in Organizer
- Computed details
- Amount on tax form
- Overrides on tax form.
