Error: The field ‘ExchangeRateSchedule’ cannot be empty
You get this error when Form 5472 contains monetary transaction information but the Exchange Rate Schedule is incomplete.
Error message
Form: ExchangeRateSchedule[@documentId='ExcRateSch'] Requirement: Exchange rate schedule Error: ExchangeRateSchedule ActionNeeded: Field 'ExchangeRateSchedule' cannot be empty Element Name: ExchangeRateSchedule XPath: //ExchangeRateSchedule[@documentId='ExcRateSch'] XML Fragment: <ExchangeRateSchedule xmlns="http://www.irs.gov/efile" documentId="ExcRateSch"/> Error Code: c00ce011 Error Reason: Element '{http://www.irs.gov/efile}ExchangeRateSchedule' cannot be empty according to the DTD/Schema.
Solution
- In , enter an exchange rate description and ratio.
- Enter both a description and ratio (even when the ratio is 1.0).
- Recompute the parent and subsidiary returns, reconsolidate, and recreate the Federal e-file.
