1120-US ELF: Error code F1120-149-01

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:

Change to CS Support service hours

Our Support department is closed on [[date]]. However, limited UltraTax CS phone support is available on that date from 9 AM - 5 PM ET due to the approaching deadline.

Links to our most popular tax processing topics are available in the Alerts and notices section on the right side of most pages.

Error code F1120-149-01: If Form 1120, Schedule K Line 7 has a choice of 'Yes' indicated, then Line 7b must have a value.

To resolve this error, review Schedule K on Form 1120. If line 7a is marked yes, and line 7b(i) or 7b(ii) is blank, then data needs to be input on Screen OthInfoC in the Percent owned and Owner's country fields. After line 7b(i) and 7b(ii) are filled out on Schedule K, re-create and re-transmit the return.

Share This