Error on Form 8606

Forum|Forum|6 years ago
January 15, 2020
1 reply
47 views

Form 8606 says it has an error. It says the form needs to be updated to ensure all calculations are correct. But when I check for updates it says that no updates are available.

Best answer by DoninGA

The Form 8606 has not yet been finalized. The estimated date is 01/29/2020. Click on the Review tab for any forms and schedules that have not yet been finalized and their estimated availability dates.

DoninGA

Answer

Level 15

STP2

Level 2

The available was 1/29/2020, then changed t0 2/05/2020 and now is showing 2/12/2020. IRS had this form on their site for 2019 on Sunday 1/26/2020. Called to verify the first change and was told that 2/05/2020 was valid. Why the slippage and what is the real date? April 15, 2020 or do I need to file an extension if using Turbo Tax to file my taxes?

linaj20201

Level 14

The fact that the forms are available on the IRS website has nothing to do with any tax software program. The forms are available if you are going to download from the IRS to complete it on your own. However, e-filing is different. Once the form is finalized by the IRS, it has to be coded into the special language the software uses and has to be thoroughly tested for calculations and e-filing acceptability. IRS then has to approve it for e-file. It always takes a little longer for a form to become available for e-file in a software program. I hope this helps you understand the situation. At this point, the IRS expects to approve the form 8606 on TurboTax e-file as 02/12/2020. I truly understand your frustration and thank you for your patience.

[Edited 2/4/2020 | 2:05 PM]

@Noel4 Please see the correction. It was for Form 8606

@STP2