Check for inconsistent data in 1120 consolidations

  1. In the Organizer, go to
    Consolidated Return
    ,
    Step 4-Review Precon Checklist
    , and then
    Inconsistency Report
    .
  2. Use the Inconsistency Report to review inconsistent level of detail before or after consolidation. The report only prints when you select Federal C Corp and Inconsistency Report. It checks these line items:
      • 1120, page 1, line 8: capital gain net income
      • 1120, page 1, line 9: net gain/loss from Form 4797, Part II, line 18
      • 1120, page 1, line 10: other income
      • 1120, page 1, line 20: depreciation
      • 1120, page 1, line 21a: less depreciation claimed on Schedule A and elsewhere on the return
      • 1120, page 1, line 21b: net depreciation
      • 1120, page 1, line 28: other deductions
      • 4626, line 1: taxable income/loss before net operating loss deduction.
  3. The report details these items:
      • Company number
      • Return number
      • Company name
      • Diagnostic
      • Summary input or override in Organizer
      • Computed details
      • Amount on tax form
      • Overrides on tax form.

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