How do I create an 1120-L - U.S. Life Insurance Company Income Tax Return using Interview?

  1. Select Interview Form 1 - Basic Data.
    • In box 65 - Return code for 1120-F/RIC/FSC/REIT/PC/L/POL/DISC/SF input code 6.
  2. Select Interview Form 1120-L.
  3. Select Interview Form LC-1 - For 1120-L - General Information Income and Deductions.
    • In box 30 - Elections made under IRC: Section 953(c)(3)(C) (1) Section 953(d) (2), Neither (3) input the applicable option.
  4. Calculate the return.

Note: See our article on this solution using Worksheet View.

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