@dmhttr16 wrote:
How are we supposed to know that the software was fixed, as expected (by March 5, 2021)? What, if anything, needs to be done before refiling? This needs to be fully explained by Intuit for those with returns that were rejected. (Intuit should have withheld submitting the filing, when they knew there was a problem. Instead, Intuit collected their fee, and left us hanging, when the returns were rejected.)
Just resubmit the tax return. Nothing else needs to be done. The actual bug only affected taxpayers that actually had both an inherited IRA AND required a 8606 form. The inherited IRA was incorrectly added to the 8606 that changed the taxable amount. The update corrected that and removed the incorrect entry.
TurboTax temporary blocked ALL returns with a 8606 until it could be investigated, but as it turns out, only taxpayers that had both a 8606 AND an inherited IRA that met certain conditions were actually affected.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
