Illinois Form 1041 return will not pass validation when e-filed if the SSN for the Grantors is missing. The validation error is:
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Alert Code: ILSCHD-2700-3 | Category: Incorrect Data | Severity: Warning If the beneficiary is a disregarded entity for federal income tax purposes (ex: grantor trust, single member LLC, etc), then the owner of the disregarded entity's information and designation should be entered as the beneficiary for purposes of the schedule D. Example, if the beneficiary is a grantor trust and is owned by an individual, then the beneficiary should be designated as an I for individual. This will help to insure the proper amount of pass-through withholding will be calculated for nonresident beneficiaries. |
To resolve the validation error, from the Main Menu of the Federal 1041 select:
- Miscellaneous Statements
- Grantor Trust Statement Menu
- ID of Grantor - enter the grantor's SSN