There is a potential issue with the calculation of your Taxable Inherited IRA.
I got this after my tax was rejected. I don't even have a taxable inherited IRA. What am I supposed to do now? Is there a way to check if I've made any mistake in preparation to inadvertently include taxable inherited IRA? I don't want to wait because I have an underpayment penalty. The longer I wait the more interest is accrued.
Let's take a look at your return 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.
February 26, 2021
7:11 PM
