Note:

The only time that a TC 971 AC 114 should be input on a module after November 2019, is if the taxpayer has an already established 965(i) election and experiences a triggering event (which they should report on Form 965-A, Part 4, Column (f) as a negative number and transfer to column (f) on one of lines 5 through 8 in Part I as a positive number) in which case the triggered liability should be input as a TC 971 AC 114 on the module in which the triggering event occurred.