How to resolve, Form 990-PF, E-File Validation Error, Incorrect Tax Exempt Status

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Error

The element 'IRS990PF' in namespace 'http://www.irs.gov/efile' has invalid child element 'FMVAssetsEOYAmt' in namespace 'http://www.irs.gov/efile'. List of possible elements expected: 'SpecialConditionDesc, ApplicationPendingInd, ForeignOrganizationInd, ForeignOrgMeeting85PctTestInd, PFStatusTermSect507b1AInd, PF60MonthTermSect507b1BInd, InitialReturnInd, InitialReturnFormerPubChrtyInd, FinalReturnInd, AmendedReturnInd, AddressChangeInd, NameChangeInd, Organization501c3ExemptPFInd, Organization4947a1TrtdPFInd, Organization501c3TaxablePFInd' in namespace 'http://www.irs.gov/efile'. SpecialConditionDesc is missing from element IRS990PF.

Issue

The Private Foundation has an incorrect Tax Exempt Status

Solution

1. Navigate to Basic Data -> General Information -> Tax Exempt Status
2. Choose one of the two Private Foundation tax exempt statuses
   • Taxable Private Foundation
   • 501(c)(3) Private Foundation
3. Click the "Save" button in Tools Bar
   
   
   
   
   
   
   
   
   

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