TurboTax asks me information about form K-40SVR which applies for veterans who own a house. I do not qualify for any of it, and my answers are correct. What should I do?

tessele93 · ‎February 6, 2023

MinhT1 · ‎February 6, 2023

There’s currently an issue where TurboTax is showing an error related to Form K-40SVR (Appraised Property Value). TurboTax is requiring unqualified taxpayers to complete the K-40SVR.

Our team is working on a fix. As a workaround, you should enter a zero for the appraised value when you see the error.

This will not impact the accuracy of your return. No credit is being calculated and the form is not part of the return.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

MinhT1 · ‎February 6, 2023

There’s currently an issue where TurboTax is showing an error related to Form K-40SVR (Appraised Property Value). TurboTax is requiring unqualified taxpayers to complete the K-40SVR.

Our team is working on a fix. As a workaround, you should enter a zero for the appraised value when you see the error.

This will not impact the accuracy of your return. No credit is being calculated and the form is not part of the return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

tessele93 · ‎February 6, 2023

Awesome! I appreciate your prompt response to my question!

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TurboTax asks me information about form K-40SVR which applies for veterans who own a house. I do not qualify for any of it, and my answers are correct. What should I do?