The IRS sometimes rejects returns with the code F1040-071-05. Here's how to resolve it within Taxslayer ProWeb:
Steps to Fix in Taxslayer ProWeb
Add a $1 Capital Gain Entry on Schedule D
Go to: Federal Section > Income > Capital Gains and Losses > Additional Capital Gains Distributions
Enter $1 in the Additional Capital Gains Distributions field.
Add a -$1 Other Income Entry on Schedule 1 with the Description BR1
Go to: Federal Section > Income > Less Common Income > Other Income Not Reported Elsewhere
Enter BR1 for the description of other income.
Enter -1 in the amount of other income field.
Important: Do not mark the Earned Income box.
Finding Rejected Returns
To easily find returns rejected with code F1040-071-05:
Select Rejected Clients from the Welcome Menu of ProWeb.
Sort the list using the up and down arrows in the Reject Information column.