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Lacerte Diagnostics
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October 2, 2020

2049964

  • October 2, 2020
  • 0 replies
  • 4 views

The following diagnostic is generating:

e-file: Form 114 The total value of all accounts must either be greater than $10,000 or at least one account must indicate that the maximum value of the account is unknown on the applicable account's line 15a. To include line 15a is unknown, enter a -1 in ""Maximum value of account {-1=unknown, -2=0]"" on the applicable account. If neither of the above apply, Form 114 may not need to be filed. Please review the 114 instructions for applicability. [ref. #204996]4

Solution:

For this return, Screen 1, Client information and make sure the FEDERAL FORM 114 [Taxpayer] is unchecked

 

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