SC-F1040-007 e-file error
If Schedule C (Form 1040) Line 33c checkbox 'OtherClosingInventoryMethodInd' is checked, then "Other Method Used To Value Closing Inventory Statement" [OtherMethodUsedToValueClosingInventoryStatement] must be attached. (rule SC-F1040-007)
Solution
- Go to the C screen, in theBusinessfolder.
- Enter an explanation in theIf other, attach explanationstatement.
- In theFormview, go to Schedule C.
- Delete any overrides on Schedule C.
- Recreate and retransmit the return.