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

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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.

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