1120: Multistate Consolidation Tips

  • If data is changed in the parent or a subsidiary, you must recompute the return and then re-consolidate.
  • Data must be entered at a consistent level, preferably at the lowest-level Organizer screen.
  • The help system is extensive. Use it to your advantage.
  • You should re-compute each return in the consolidated group after a new version of tax software is installed.
  • Each consolidation return must be in balance.
  • Clear all diagnostics for all consolidation entities.
  • Each entity must have a return type and entity type specified.

 

 

 

Tutorials/1120_multistate_cons_tips.htm/TY2019

Last Modified: 03/19/2020

Last System Build: 06/18/2021

©2019-2020 Thomson Reuters/Tax & Accounting.