Did you try the steps below to enter your Form 1099-R? Also, if you use the TurboTax Download/CD version please remember to update the program.
Yes, I followed every one of those steps. The message I am receiving says that "the IRS is still finishing up the Distributions from Pensions, IRAs, etc. That means this area isn't quite ready yet. We expect this form to be ready for you by 1/21/20."
But it's now 1/28/20 and I'm physically in possession of the 1099-R form. I just need to enter the data into TurboTax. The program is updated as of today.
@amh011519 wrote:
Yes, I followed every one of those steps. The message I am receiving says that "the IRS is still finishing up the Distributions from Pensions, IRAs, etc. That means this area isn't quite ready yet. We expect this form to be ready for you by 1/21/20."
But it's now 1/28/20 and I'm physically in possession of the 1099-R form. I just need to enter the data into TurboTax. The program is updated as of today.
I answered your other post with the exact same information as above.
What TurboTax program are you using? The TurboTax online web based editions or the TurboTax desktop CD/Download editions? If the desktop editions, a Windows or Mac Operating system? What tax year are you working on?
Late last nite it updated after many restarts of computer. Using windows 10 on a laptop, I believe this was a turbo tax problem. Have used them for many years but disappointed this year.
I am having the same problem. I restarted my computer but I am still receiving the same problem. I have used turbo tax for many years. After this years experience - IT WILL BE MY LAST
I am having the same issue and cannot enter in 1099-R's.
First, I assume that you are using the CD/download software on with a Windows platform or a Mac platform.
The 1099-R has been available for months.
First, try going to Online (top left on Windows, I don't know about Mac) and clicking on Check for Updates.
If that does not solve the issue, try re-installing your software and then checking for updates (which should happen automatically anyway).
If that does not solve the issue, if you have the Windows version, then see this TurboTax FAQ.
If you have a Mac, come back and tell us.
I am having the exact same issue. Using the web version. I tried again today, still same issue. IRS hasn't provided TurboTax the information they need, apparently.
The 1099R entry screens are functional in TurboTax. If you are trying to make an exclusion under the Cares Act, the 8915-E will not be ready until around 2/18. But you should be able to continue through the 1099R screens if you answer "None apply" to the Uncommon Situations screens.
Does this mean you will need to reenter everything after 2/18? So you are not penalized for the withdrawal?
That is exactly how I'm reading/understanding this, but hopefully an expert will confirm or correct me. It just seems odd this stuff won't be prepared until a couple of weeks, yet tax day hasn't been pushed out, yet.
No ... you don't have to reenter the 1099-R but you will need to revisit the 1099-R section and complete all the interview screens again.
That's what I thought. I've got all my information in, minus the cares act stuff due to the IRS not having the form/information ready. So everyone is in a holding pattern that withdrew from a 401k that qualifies for the waived penalty until the form is ready.
Yep ... that is the fact. Expected to be functional sometime mid February which is the same time the IRS will start processing returns.
Went to Forms in TT - CD version. Next to 1099-R Form heading is: (Not Done). Why doesn't TurboTax know that?
1st... I am experiencing the same issue as all the complaints here. I am using the Downloaded version of Turbotax Home & Business. Trying to follow your instructions above, None of the "entry points" you mention are present in my 2020 edition. However, I am able to navigate to the point you mention, "IRA, 401k, Pension Plans (1099R). Following the steps to enter the data from my 1099R I select the plan from the list, "EDIT" and I am presented with the same screen as the others here, "The Retirement Income Area Will Be Ready Soon". The reason reported is "...the IRS is still working on finishing up the Distributions from Pensions, IRSs, etc."
Assuming this is correct, have you heard anything about when it might be ready?
~Thank you~
Assuming you are speaking of retirement plan distributions -
You will report this on a Form 8915-E. The IRS has not yet finalized the Form 8915-E for retirement plan distributions under the CARES act. So this form cannot be included in the TurboTax program. You will not be able to proceed until the form is available.
The IRS has not communicated when the form will be finalized for inclusion on the 2020 federal tax return.
We estimate it will be sometime in February 2021 before the form is available. You can watch this link for the form availability. Currently, the form is not listed here since there is no estimated date. Once there is, you will find the form listed with the date available.
IRS forms availability table for TurboTax individual (personal) tax products
Additionally, the IRS will not start processing returns until February 12, so waiting for this form is not slowing down the processing of your return.
I received an email from tech support about this problem.
Returned her email message with the ‘ IRS awaiting”.
Somehow my 1099-R form(s) were not entered/updated
on my CD. You need to do manually by going into the icon = form, in the top right hand corner of the screen in the wage and income section. You’ll see the 1099R form
not done. Tap and you’ll input in the pink area and then save. This change will need to be updated following existing program. Hopefully upon going into the program, the install updates will do the trick. Allow for more than the 8 minutes!
kevin
I'm still waiting for this to get cleared up. We're past the initial deadline and closing on the updated deadline for federal filing, and I can't complete anything until TT gets this done. Any penalties are going to be on TT's head and I'm already looking for different products for next year, even if it means doing it on IRS-supplied forms!
@dhborden This has been ready for some time now. If you are using 2020 TT Desktop, be sure to run a program update.
I run updates every day and still get the same message. Called TT last week and got a response that they're still waiting on the IRS. I even ran a "repair installation" for TT and still no change. So far, this year has been a dismal failure for me as a decades' long user of TT.
Please call TT Support:
Been there, done that. They escalated me and then said they're still waiting on the IRS. I need a better response than that.
I am having the same problem as all these others and federal filing is only 10 days away! I have already uninstalled, reinstalled and updated several times. I also have called the TT help desk and spent 3 hours trying to resolve this with no joy. I even installed TT on my laptop and when I rebooted the laptop, the hard drive crashed in a so far unfixable fashion! My next desperate step is to go to the local IRS office and take a number and wait all day if need be to ask an IRS employee what is going on. Very, very unhappy with TT this year and I have been using it for decades! :(