IRS rejection 308 on Form 1041 return

If the box on line 24e of Form 1041 is checked, a statement not currently supported by UltimateTax is required. Consequently, you need to paper-file any affected returns for this year. However, we currently plan to release a feature enhancement correcting this as of the tax year 2012 version of UltimateTax.

This rejection can also be caused by entering tax-exempt income on line 1 of the Other Information Section on page 2 and not linking to the Tax Exempt Expense Allocation Computation statement. If this is the case, press F9 on the line below the dollar amount that states: "If electronic filing, press F9 to tax-exempt expense allocation computation."

 

This information applies to all years of the UltimateTax software.

 

Solution Articles:

1041 - U.S. Fiduciary Income Tax Return