1040-US ELF: Error Code F982-003-01

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Error Code F982-003-01:  If Form 982, Line 1d 'DschrgQlfyRealPropBusIndbtInd' is checked, Line 4 'ExcldForDschrgQlfyRealPropAmt' must have a non-zero value.

As this rejection states, if Form 982, Line 1d is checked, then Line 4 must have an amount entered.  To enter an amount for Line 4, access Screen 982, located under the Other With Return folder, and enter a number in the Qualified real property business indebtedness applied to reduce basis of depreciable real property field.  Once an amount is entered you can recreate and resubmit the electronic file.

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