Note:

If there is no TC 971 AC 165 on a module with an intact 965(i) election, input a TC 971 AC 165 with the amount of the outstanding 965(i) deferred liability amount reflected in the MISC field; See IRM 3.14.2.6.5.3.1, IRC 965(i) Adjustment Procedures for REQ77 input fields. The remaining 965(i) deferral should be reflected on Form 965-A, Individual Report of Net 965 Tax Liability, Part IV, the sum of Column (i) for the reporting year return.

For more information on annual reporting of IRC 965(i) deferred liabilities, see the Instructions to Form 965-A.