Menu

Search

Knowledge Base


10213: 1041 - Error 0115


1041 Fiduciary

I am getting a red message 0115 in the 1041 package, how can I clear this error?

 

Error 115 states:

INVALID FISCAL YEAR. A tax year beginning 01-01-20XX and ending 12-31-20XX is considered a calendar year, not a fiscal year. Return to screen 1 and remove both the "Fiscal begin" and "Fiscal end" dates.

Fiscal year dates have been entered on screen 1 and the ending date has a month of 12 (December) .

The IRS considers an ending month of 12 to be a calendar year and the dates should be removed from the fiscal year fields. Drake software assumes a calendar year, unless it is otherwise indicated in the fiscal year fields on screen 1


Also In This Category


Details
Article has been viewed 1.5K times.
Last Modified: 3 Months Ago
Options