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SB-F1040-006, SB-F1040-007-01 e-file error

This happens when Schedule B, line 7a (regarding FinCEN Form 114) and line 7b (foreign country name) do not both contain the required, matching information.

Error message

Schedule B: If country name on line 7b is present then line 7a pertaining to FinCEN Form 114 must have a choice of "Yes" indicated. (Rule Number: SB-F1040-006)
Schedule B: If Schedule B, Line 7a 'FinCENFORM114Ind" has a choice of "Yes" indicated, then Line 7b 'ForeignCountryCd must have a value. Please navigate the the Schedule B organizer under General Information, Return Options, and select a foreign country (note, the selection of a foreign country for electronic filing purposes is different from entering a text foreign country name on Line 7b). (Rule Number: SB-F1040-007-01)

Solution

  1. Go to
    Organizer
    General Information
    Return and Print Options
    Tax Form Options
    tab.
  2. In the
    Schedule B - Interest and Dividends
    section, select an option from the
    If FinCEN Form 114 is required, indicate the foreign countries where financial accounts are located
    dropdown.
  3. Do a full recompute and recreate the e-file.

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