Knowledge Base

16980: 1040 - EF Message 5840

Rejects + EF Messages

How do I clear EF message 5840?

This message reads:

MISSING NET OPERATING LOSS STATEMENT. When an NOL Carryforward amount is entered on Schedule 1, line 8, an explanation statement must be included.

Go to screen SCH and create statement number "016" to explain the NOL amount.

To clear this message, go to Miscellaneous tab > SCH - Unformatted Statement in Data Entry. In the Type of attachment/statement number and title field, select 016 - Form 1040 Line 21 NOL CF. Then, type an explanation of the NOL amount in the large text box.

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