topic Re: Form 8960 error in Get your taxes done using TurboTax

Form 8960 error

chadchandler777 — Mon, 09 Sep 2019 15:16:51 GMT

I keep getting errors for form 8960 that is keeping me from filing. I read it was an issue a few months ago, but had been fixed. Am I doing something wrong? Form does not apply to me.

Re: Form 8960 error

Anonymous_ — Mon, 09 Sep 2019 15:43:43 GMT

Form 8960 is automatically generated by the program (i.e., generated only when necessary).

If you are getting errors, you should contact Support (link below) during regular business hours.

https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632

Re: Form 8960 error

laa0703 — Fri, 11 Oct 2019 00:35:15 GMT

yeah, the program created form 8960 and worksheet. did it twice to make sure but I still get these forms. Per IRS, form 8960 is not required on sale of a primary residence . . . Only Sch D and Form 8949.

There is a program glitch

Re: Form 8960 error

Anonymous_ — Fri, 11 Oct 2019 00:59:00 GMT

@laa0703 wrote:
There is a program glitch

There is no program glitch, as far as I can determine. I have done several tests and the only instances in which the program created an 8960 is when I exceeded the threshold amounts based on filing status.

See https://www.irs.gov/instructions/i8960#idm140442620421104

Re: Form 8960 error

laa0703 — Fri, 11 Oct 2019 01:26:57 GMT

I re-do my input on the sale of primary residence and it generated form 8960.

per irs, the form is not required only Sch D and form 8949 if you have gain/loss to report.

form 8960 is for other investment transactions and not for sale of primary residence

Re: Form 8960 error

Anonymous_ — Fri, 11 Oct 2019 02:40:52 GMT

@laa0703 wrote:

I re-do my input on the sale of primary residence and it generated form 8960.

per irs, the form is not required only Sch D and form 8949 if you have gain/loss to report.

form 8960 is for other investment transactions and not for sale of primary residence

I really don't know what to tell you other than to make sure you are following the screens closely so the gain is excluded and not taxed.