1040-US ELF: Error code SC-F1040-007

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Error Code SC-F1040-007: If Schedule C (Form 1040) Line 33c checkbox 'OtherClosingInventoryMethodInd' is checked, then "Other Method Used To Value Closing Inventory Statement" [OtherMethodUsedToValueClosingInventoryStatement] must be attached.

If you have the box marked on the schedule C, Line 33c, you must also have an explanation entered on Screen C, located under the Business folder, in the If other, attach explanation statement dialog.  Also, verify there aren't any overrides within the return by pressing CTRL+D to access the Federal diagnostics window.  If there's an Overrides tab, verify the override(s) is not pertaining to Line 33c.  If it is, go to that line on Schedule C, right-click and select Delete Override.  

Once the return has been corrected, you can recreate and resubmit the electronic file.

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