F4626-053 e-file error

F4626-053: If Form 4626, 'FPMGMemberInd' has a choice of "Yes" indicated, then there must be at least one 'MemCtrlGrpAndFPMGGroupMemGrp' with 'EntityMemberOf59k2BGroupInd' checked having a non-zero value in 'FinancialStmtIncomeLossAmt' and values in 'GroupMemberName', 'GroupMemberEIN'.
This happens when Form 4626, Question A is answered Yes, but you haven’t completed the Form 4626, Page 7, Part V.

Solution

  1. To update the information, in Organizer select
    Taxes
    .
  2. Select
    Alternative Minimum Tax
    , then
    Form 4626
    .
  3. Go to
    Part V
    , select the
    Part V
    detail link and enter the information.
  4. Enter the data in a single or top consolidation return.
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