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New Member
posted Feb 8, 2023 11:48:12 AM

It says that I need to update my KS_40SVR but I did not qualify for it and do not own a home. How do I fix this problem?

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3 Replies
Expert Alumni
Feb 8, 2023 12:15:12 PM

There is currently an issue where TurboTax is showing an error related to Form K-40SVR (Appraised Property Value). TurboTax is requiring unqualified taxpayers to complete the K-40SVR. 

 

TurboTax is working on a fix. As a workaround, customers should enter a zero for the appraised value when they see the error. 

 

This will not impact the accuracy of the tax return. No credit is being calculated and the form is not part of the return.

 

@alhny1991 

Returning Member
Feb 11, 2023 10:14:55 AM

@JamesG1 These steps do not work. So this proposed work around is not helpful.

Intuit Alumni
Feb 12, 2023 10:18:27 AM

If that did not work, it would be best to click here and give us a call so we can better assist you with this. @dvisaacks