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How to resolve Lacerte diagnostic ref 7775 and 7777 - Exempt organization required fields for Schedule B

by Intuit Updated 1 year ago

This article will help resolve the following e-file critical diagnostics, Ref. 7775 and 7777:

  • e-file: The following fields are required to electronically file Schedule B: name, street address, city, state (if not a foreign address), zip code (if not a foreign address), and country (if a foreign address). (ref. #7775)
  • e-file: The following fields are required when electronically filing Schedule B, Part II: "Property description (Ctrl+E)" , "Type of Property" and "Fair market or estimated value". Please add the necessary input in Screen 16.2. (ref. #7777)

Before you begin

The best way to identify which item is missing the required information is to look at Schedule B, Page 3, and make sure the information is entered for each item listed on this page.

To resolve diagnostic Ref 7775:

  1. Go to Screen 16, Contributions, Gifts, and Grants.
  2. Select the Schedule of Contributors from the left menu.
  3. Enter the following information for each contribution:
    • Name
    • Street address
    • City, state, ZIP code
    • If a foreign address, enter the region, ZIP code, and country

To resolve diagnostic Ref 7777:

  1. Go to Screen 16, Contributions, Gifts, and Grants.
  2. Select the Schedule of Contributors from the left menu.
  3. Complete these field entries under the Noncash subsection for each noncash contribution:
    • Property description (Ctrl+E)
    • Type of property (Ctrl+T)
    • Fair market value or estimated value
    • Date received

Diagnostic Ref. 7777 can also generate a cash contribution if the first contribution on the Schedule of Contributors is a cash contribution.

Lacerte Tax 2023

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