Form 5471 Schedule P Critical Diagnostic

Forum|Forum|6 years ago
May 11, 2020
1 reply
23 views

Has anyone had an issue E-filing due to Form #5471 Schedule P. A critical diagnostic #2051972 contiunes to occur even though I have attached a PDF of Sch P as the requested. Any thoughts?

Lacerte Tax

This topic has been closed for replies.

Best answer by itonewbie

Ah, that's because you didn't link it to the right form. You must choose 69 = Form 5471, Schedule P and make sure you select the correct Activity name from the dropdown.

Once you complete the above, the CD will disappear automatically.

itonewbie

Level 15

But why would you need to attach Sch P as a PDF and what does the diagnostic that prompts you to do so say?

---------------------------------------------------------------------------------Still an AllStar

F

FMESAuthor

Level 4

Good question. Lacerte's diagnostics indicated that if you are filing a CAT 5 Form 5471, you need to include Schedule P or you get a critical error. Ironically, the foreign corporation is new and has never had any profit & earnings, and therefore there is no previously taxed E&P to report.

Once you include the Schedule P, Lacerte's diagnostics indicate that the Schedule P can't be E-filed and you are instructed to attach a PDF copy and link it to Form 5471 Schedule P on input sheet EF 4.1. I did this, but the Schedule P diagnostic doesn't go away.

The specific Critical Diagnostic Warning is "e-file: Form 5471 #1: Schedule P is not included in the efile and must be manually attached in the Electronic Filing screen as a PDF attachment. [ref. #2051972]

Any assistance in resolving this issue so that I can e-file would be greatly appreciated. FYI, this is for a 2018 individual tax return.

itonewbieAnswer

Level 15

Ah, that's because you didn't link it to the right form. You must choose 69 = Form 5471, Schedule P and make sure you select the correct Activity name from the dropdown.

Once you complete the above, the CD will disappear automatically.

---------------------------------------------------------------------------------Still an AllStar

Sign up

Login with SSO

Let's get you signed in

Login with SSO