Caution:

Do not input a TC 971 AC 114 on a non-inclusion year module, if the taxpayer is simply reporting that the 965(i) election that they made during the inclusion year remains intact for the reporting year. The only time a TC 971 AC 114 should be on a module other than the inclusion year module (i.e., after 201911), is when the taxpayer reports the 965(i) deferral was triggered in the reporting year, then and only then, should a TC 971 AC 114 be input on the triggering event year module.

If

Then

Form 965-A is attached to the reporting year return indicating that a timely IRC 965(i) election was made during the inclusion period and remains intact for the reporting year

Input a TC 971 AC 165 on the current year module using CC REQ77.