It does not make sense that we should have to disaggregate in order to efile. By disaggregating our business operations will require the taxpayer to spend 250 hours or more of rental services for EACH property and possibly have the QBI deduction reversed if audited. Why would we have to do this just because TurboTax won’t update their software? I purchased the Premier software since I own a lot of rental properties. I do not want to paper file. Also, filing on paper will cause delays in processing as well as could trigger an audit with some data being omitted or incorrect when the data is entered manually.
Last year this same issue was present but later WAS RESOLVED allowing us to efile if we aggregated on Form 8995-A Schedule B. I understand the delay last year since this was still a relatively new issue. This should NOT be the case with 2020 tax returns.
Last year, on March 27, 2020 11:12 AM, DavidS127, Expert Alumni, posted the following:
Form 8995-A Schedule B e-file will be enabled in the update scheduled on or about 4/1/2020.
Why is TurboTax not responding to this? The “EXPERT” Employee Tax Experts seem to be conveniently ignoring this issue. Please comment!!
