IL1120-7200-4 e-file error

Error message

IL1120-7200-4: FormIL1120 Step 5 Line 38 must equal either SchIL1120NLD Step 1 Line 7 Box or SchIL1120UBNLD Step 3 Line 30.

Solution

In the TopCon locator, go to
Organizer
States
Illinoi
Net Operating Losses
NOL - Single Company
.
Remove all entries.
Go into each subsidiary locator.
Go to
Organizer
States
Illinois
Net Operating Losses
NOL - Parent
Subsidiary
.
In the
Parent and Subsidiary Information
section, complete the
Loss apportionable to Illinois (enter as a negative number)
field.
Do a full recompute for each subsidiary.
Reconsolidate the TopCon, recreate and resubmit the e-file.

Solution 2

Go to
Tax Forms
States
Illinois
IL-1120-Income and Replacement Tax
.
On IL-1120, Page 3 , note the amount on Step 5 Line 38.
Go to the
Sch NLD-Net Loss Deduction
area, then select
Sch NLD, Page 1
.
Make sure Step 1 line 7, matches IL-1120, Step 5, line 38.
Do a full recompute, then recreate the e-file.

Solution 3

Go to
Organizer
States
Illinois
.
In
Return Options
, review the
Print Suppression
section.
Make sure Schedules NLD or UB, NLD box is unchecked.
Do a full recompute, then recreate the e-file.