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Both my federal and state tax returns have been rejected.
Tax Return Rejected by IRS for the following reason:
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Description of error:
There is a potential issue with the calculation of your Taxable Inherited IRA.
What needs to be done:
We are reviewing updates to Taxable Inherited IRA calculations. We expect to have these updates done by March 5th, 2021.
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Does this mean that there is a software problem that will be fixed by March 05th 2021 and i should try to efile again then?
=======================
Description of error:
There is a potential issue with the calculation of your Taxable Inherited IRA.
What needs to be done:
We are reviewing updates to Taxable Inherited IRA calculations. We expect to have these updates done by March 5th, 2021.
=====================
Does this mean that there is a software problem that will be fixed by March 05th 2021 and i should try to efile again then?
Topics:
March 1, 2021
12:59 PM