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.

A TC 971 AC 114 was input on a non-inclusion year or non-triggering event year module in error

Research confirms there was no IRC 965 inclusion and/or no IRC 965 election made by the taxpayer for the tax period in question

Use REQ77 to reverse the TC 971 AC 114 using TC 972, AC 114.