IL1040-5400-1 - FormIL1040 Step 8 Line 27 PassThroughEntityPayments must not be greater than the sum of all occurrences of SchILK1P Step 7 Line 54 PassThroughEntityPayment plus all occurrences of SchILK1T Step 7 Line 49 NResPassThroughEntityPayments./ns:ReturnState/ns:ReturnDataState/ns:FormIL1040
🔍 IL1040-5400-1 - FormIL1040 Step 8 Line 27 PassThroughEntityPayments Validation
This guide helps you resolve the issue shown by:
IL1040-5400-1 - FormIL1040 Step 8 Line 27 PassThroughEntityPayments must not be greater than the sum of all occurrences of SchILK1P Step 7 Line 54 PassThroughEntityPayment plus all occurrences of SchILK1T Step 7 Line 49 NResPassThroughEntityPayments.
ReturnState / ReturnDataState / FormIL1040
⚠️ Before You Begin
Make sure you are working on the Federal K-1 section and that you have access to the forms tree.
📊 Step-by-Step Guide
Step 1: Enter IL on the Federal K-1
The IL K-1 is not checked off in the forms tree. You need to enter IL as the state on the Federal K-1 at the top of the form.
Enter IL as the state on the Federal K-1 at the top of the form.
Step 2: Load the IL K-1 P Data
This will load the IL K1 P and the data will then transmit.
After entering IL, the IL K1 P will load and the data will then transmit.
✅ Success!
Once IL is entered on the Federal K-1, the IL K1 P loads and the data should transmit correctly.
📞 Still Need Help?
If you are having trouble, contact our support team:
Phone: 1-800-516-9442
Tags: state,form
Support Center