Also single-member LLC. I have a net loss on the year - nothing to do with Rental Income - and for some reason TurboTax is putting this net loss into Form 8960 Line 4a, then offsetting it with a positive value in the same amount in 8960 Line 4b, so that 8960 Line 4c nets out to 0. Last year, TurboTax left both 4a and 4b blank, even though the other numbers/forms for the business were almost exactly the same.
So I think this is a TurboTax error and not an IRS error. Because if I could just blank out lines 4a and 4b in Form 8960 manually, the error (which is due to there being a non-zero value in 8960 line 4a) wouldn't be there.
However, I tried going to Form 8960 itself in TurboTax and using Edit-Override to blank out 4a and 4b, which works for the form. But then TurboTax won't let me e-file. TurboTax gives me this error that says:
- Form 8960: Part 1, line 4a should not be overridden and changed for Electronic Filing. Using an override can prevent the cross-checking that's important to an accurate tax return. To cancel the override, click on the overriden field and choose 'Override" from the edit menu.
So I think the problem here is that something in TurboTax is erroneously placing values into lines 4a and 4b on Form 8960, and nothing with the IRS. And then TurboTax won't let you e-file if you manually fix it.
