Reminder:

A TC 766 CRN 263 should also be input in the year of the triggering event for 92% of the triggered liability amount when a 965(h) election is made. TC 767 CRN 263 adjustments should be input accordingly as payments/credits are applied to the 965 deferral.

No TC 971 AC 114 was posted to the triggering event year module (MFT 05 ONLY)

The reporting year Form 965-A reflects a triggered liability amount and the IRC 965 triggered liability being paid in full in the year of the triggering event

Use CC REQ77 to input the TC 971 AC 114 to reflect the triggered liability amount.