1040-US ELF: Error Code F1040-020-01

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IRS filing deadline update

The IRS MeF system is now processing returns, and the filing deadline has been extended to 11:59 PM on Wednesday, April 18, 2018. For the latest details, see UltraTax CS alerts and notices.

Error Code F1040-020-01: Form 1040, Line 17 'RentalRealEstateIncomeLossAmt' must be equal to non-zero amount from Schedule E (Form 1040), Line 26 'TotalIncomeOrLossAmt' or Line 41 'TotalSuppIncomeOrLossAmt' unless Form 8958 is present in the return. If both Schedule E (Form 1040), Line 26 and Line 41 have non-zero values, then Form 1040, Line 17 must be equal to Schedule E (Form 1040), Line 41.

Form 1040, line 17, Rental real estate, royalties, partnerships, S corporations, trusts, etc. must equal to Schedule E, line 26, Total rental real estate and royalty income or (loss), or Schedule E, line 41, Total income or (loss). Verify that there are no overrides on Form 1040, line 17 or Schedule E, line 26 or line 41.

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