Skip to main content
Level 1
December 7, 2019
Solved

On 1041 the diagnostics is "a financial Institution EIN is required for this return" but there is not a financial institution fiduciary?

  • December 7, 2019
  • 3 replies
  • 14 views
on 1041 the diagnostics is "a financial Institution EIN is required for this return" but there is not a financial institution fiduciary?
This topic has been closed for replies.
Best answer by TaxMonkey

Are you trying to file a 1041 with a SSN?

3 replies

TaxMonkeyAnswer
Level 7
December 7, 2019

Are you trying to file a 1041 with a SSN?

Level 2
February 12, 2020

I don't see the solution to this question. What is the solution?

Level 3
September 25, 2020

There appears to be a bogus critical diagnostic "a financial Institution EIN is required for this return" that appeared for me when I added a second state, Arizona, to a California based Trust.  After digging for answers for a while, I concluded that mine is a bug in PTO/Lacerte, clicked ignore to bypass the bug, e-filed all of the returns, and all have been accepted now for several days without a problem.

Level 2
March 16, 2021

How do you "Ignore" and bypass the diagnostic?

Level 3
March 16, 2021

You click the Ignore checkbox in the top right as shown when you have the diagnostic selected.

Note:  The post was from last year, but the problem still exists this year, I ran into it again this with an unrelated trust, and successfully bypassed and submitted the return again.  I also ran into a new critical diagnostic for Arizona which makes no sense and is also bogus, related to capital gains over 3k.  Was planning on posting about that separately when I get the chance.