1120: Consolidations - Required Input

Required Input - Consolidation

When creating the returns, you must enter the following information on the Consolidation return in the consolidation:

• Company name
• Form 851 detail
• Parent / Subsidiary / Eliminations return list

Required Input - Parent

When creating the returns, you must enter the following information on the Parent Company return in the consolidation:

• Company name
• Company address
• Federal EIN
• Date of Incorporation
• Year, if other than calendar
• Principal Business Activity
• Principal Business Activity (PBA) Code
• Schedule K questions

Required Input - Subsidiaries/Divisions

When creating the returns, you must enter the following information on the Subsidiary/Division returns in the consolidation:

• Company name
• Company address
• Principal Business Activity (PBA) Code
• Federal EIN
• Year, if other than calendar
• Principal Business Activity
• Data Input

Required Input - Elimination Company

You must always create an Elimination Company. Include the following information on the Elimination Company return:

• Company name
• Data Input

 

 

 

Tutorials/1120_cons_required_input.htm/TY2019

Last Modified: 08/27/2019

Last System Build: 06/18/2021

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