Thanks so much for the response! Don’t know how that could be possible as we entered into the 1099-nec section in turbo tax as such. This is the message we get for the rejection reason from TurboTax. :
Form 8960, 'NetRentalincomeOrLossAmt' has a non-zero value, then it must be equal to Sched 1 (Form 1040), 'RentalRealEstatelncomeLossAmt unless all of the following conditions are true: 1
Filing status of the return is Married filing jointly or Qualifying widow(er) and 2) Form 8960, checkboxes 'Section6013glnd' and 'Section6013hInd' are not checked and 3) Form 8960,
'Filing ThresholdAmt' equals 125000.
This return cannot be electronically filed due to a processing error on Form 8960, Net Investment Income Tax.
There is currently no estimated date for when this will be resolved. You have two options:
- You may wait a few weeks and attempt to resubmit this return, or
- You may print and file the return by mail.
This message will be updated when a resolution date is identified.
Does this make any sense?
