bertsetseg
Level 1
03-19-2023
07:14 PM
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I received the following error message on a return. "Schedule B, total interest and total ordinary dividends must be greater than zero for e-file purposes. This return will need to be filed as a conventional return."
Because the client's Form 1099 OID has "Original Issue Discount" which is more than their interest and dividend income.
My questions are:
1. Can the 1099 OID (assuming this is a loss) create a negative income? Is this allowed?
2. If the Schedule B needs to have the negative amount, can I still E-file this return by somehow overriding the warning message?
Thank you very much for your insight!
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