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Financial institution bad debts print requirements

To print, calculate, or suppress Financial Institution Bad Debts:

In Organizer, select General Information
, then Return and Print Options
, then Basic Options
.

Go to the Attachments
section and make sure that All white paper statements with the tax return
isn't suppressed.

Make sure 1 of the following fields has data in it:

Select Tax Forms, then Federal
.

Select Financial Institution Bad Debt
, then Bad Debts Summary
.

In the Additions to Reserves for Bad Debts
section, Banks
or Savings and Loans
needs to have data in it.

Or, in the Section 166 and Deduction by large banks
, then the Bad Debts
section, the elective cutoff method needs to be populated.

Or, in the Recapture of Reserves
section, in Section 585(c)
, the Four-year spread of adjustments
needs to have data.

Or, in Organizer, select Income and Deductions
, then Deductions
, then Financial Institution Bad Debts
, then Reserve\Specific C-O
.

In the Reserve Method
section Trad notes and Account receivable
needs to be populated.

Or, in the Alternative Specific Charge-off Method
section, the Total current year deduction of business bad debts
needs to be populated.