1040-US ELF: Error Code F982-005-01

Alerts and notices
Leave feedback

Internal Employees: Submit feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.


Characters left:

MFA required for electronic filing

Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to access the electronic filing transmission feature in CS Connect.

Thomson Reuters is committed to proactively evolving our security features to help you protect your firm and your clients' data. For more information about multi-factor authentication, see Multi-factor authentication overview.

Error Code F982-005-01:  If Form 982, Line 5 'ExcludedUnderSection108b5Amt' has a non zero value, then the [ElectionToReduceBasisOfDeprecPropUnderIRC1017Statement] must be attached.

If Form 982, Line 5 has an amount, then a description must be entered on Screen 982, located under the Other With Return folder, in the Description to reduce basis for Section 1017 property statement dialog.  Once a description is entered you can recreate and resubmit the electronic file.

Share This