Was on the phone today with TT and already had a case open regarding this error. Was told it would be forwarded to the engineering department. Other states are having this issue as well. Anyone's guess at this point when this will be ready to go.
My issues is directly related to the 8915-e information not properly being transferred to the Pension/IRA/Annunity work sheet in the NYS return. The information in the work around was fine. When I spoke to a live TT staff member earlier they requested I wait a few more days and if nothing, I will handle that then....Thanks!
Form 8915-E has already finalized and released. Make sure to update your program by following these steps:
- If you are using the online version, it's an automatic update when you sign in and out.
- If you are using the TurboTax CD/Download software program, open TurboTax and select Check for Updates from the Online menu near the top.
If you are under age 59 1/2, the distribution from the retirement plans and IRAs is considered as an early withdrawal. Generally, you will pay both regular tax plus an additional 10% penalty of your entire distribution unless you met certain criteria. Due to the CARES Act, if your retirement distribution is related the Covid-19, you will not be liable for this additional penalty. You will still pay the normal taxes like your wages and income. For more information from the IRS, click here: Covid Relief. If your distribution is not related to the Covid, you will need to pay the penalty.
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I am having the exact same issue. They told me that it would be ready today. Nada. Still getting that error message. So disappointed. Need to file my taxes TurboTax Engineer. Fix the PROBLEM.
Work around isn't helping me. I have an error on the Pension/Annuities/IRAs Worksheet screen. The error is on the Federal Taxable pension/IRS (regular) line and it won't allow me to change it.
Update went through this morning but now there is another problem. When attempting to e-file state, program is saying to e-file you must select the federal return. The option they give is to go back 1 page but on the previous page it says federal return already e-filed and there is no option to reselect it. Any work around you are aware of?
I called this morning too and was told to mail it in so I did. I'm done with all this nonsense at least for this year anyway. The rep on the phone actually put the blame on New York State. What a disgrace!