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IL1120B-310-4 e-file error

If Form IL-1065 Step 1 Line F (PTP) does not contain an X, then the total of all occurrences of Sch B Line Section B Col E must equal the result of Form IL-1065 Step 5 Line 35 plus Form IL-1065 Step 5 Line 26 and Form IL-1065 Step 5 Line 27 minus Form IL-1065 Step 4 Line 21
If IL-1065 isn't classified as an investment partnership or publicly-traded partnership, then Illinois Schedule B, column E needs to match the total in Form IL-1065, Page 2: Line 35 + Line 27 + Line 26 - Line 21.

Solution

Go to
Tax Forms
States
Illinois
IL-1065
 to check if Step 1, Line F (PTP) is checked.
If not, go to
IL-1065, Page 2
. Lines 35 + Line 27 + Line 26 - Line 21 has to equal the amount in
Sch B-Partner Identification
Schedule B
Schedule B, Page 2
Schedule B Summary
Column E Total
The amount for each partner for Schedule B, Column E pulls from Schedule K-1-P, Step 4, Line 20, Column B. Verify these amounts are correct. Check for overrides and verify that any allocation codes are entered correctly:
  1. In
    Organizer
    , go to
    States
    Illinois
    State Adjustments
    State
    Illinois
    State Adjustments
    Partner's Share
    .
  2. Create a new special allocation code and enter the amounts for each partner.
    note
    Make sure to enter the mandatory information for the allocation code and description.
  3. Enter the amount and allocation code you created in the
    Total amount of base income (loss) distributable
     field, Schedule B.
  4. Perform a full re-compute, re-create the e-file, then re-submit.
If you’ve suppressed Schedule B partner information in
Organizer
States
Illinois
E-file
Attachments
K-1 Aggregation
Summary
, corrections will need to be made in the K-1 aggregation file and then reattached before clearing the diagnostic. If you are using a K-1 aggregation file, make sure that all your values are rounded to whole dollars.

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