topic Re: form 8621 in Get your taxes done using TurboTax

form 8621

lizblin — Mon, 09 Mar 2026 04:19:55 GMT

When reviewing my return, turbo tax says I need to file a form 8621. I have no information that needs to be reported on this form. Where did it generate from so I can remove this problem?

TIA

Re: form 8621

Critter-3 — Thu, 27 Jan 2022 21:23:39 GMT

Did you enter a K-1 form ?

Re: form 8621

lizblin — Thu, 27 Jan 2022 21:44:04 GMT

Re: form 8621

RobertB4444 — Mon, 31 Jan 2022 23:16:56 GMT

Some question that you answered has made the program think that you had income as a shareholder. Go to the section of Wages & Income for investment income and click the little garbage can to the right of the form the program created. If that doesn't work you can delete the form directly-

To Delete a form:

Select Tax Tools from the menu on the left
Then select Tools
When the new menu pops up select Delete a Form
You will see a list of all the forms in your return
Find the form that you want to delete (8621, K-1)
Select the Form
Click Delete on the right

Tax forms are interconnected. While you are in this screen don’t start deleting forms you don’t recognize.

Re: form 8621

Trentonwestphal — Fri, 04 Feb 2022 04:24:06 GMT

I am having the same issue. there is no form 8621 or K-1 filed. any help?

Re: form 8621

DaveF1006 — Sat, 05 Feb 2022 03:30:37 GMT

Tax form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund, is used to report income from foreign mutual funds, also referred to as passive foreign investment companies (PFICs). Are you reporting Foreign Mutual Funds information in your return? If not, then do as robertb1326 suggests.

Select Tax Tools from the menu on the left
Then select Tools
When the new menu pops up select Delete a Form
You will see a list of all the forms in your return
Find the form that you want to delete (8621, K-1)
Select the Form
Click Delete on the right

Re: form 8621

jmckd — Sun, 13 Feb 2022 15:23:30 GMT

I have this same error message but do not have this form at all in my forms. I cannot get beyond this to file electronically. Very frustrating.

Re: form 8621

bc6653 — Sun, 13 Feb 2022 20:51:53 GMT

I have the same error message, but when I reviewed everything, I can't find any errors in my forms that would trigger the error message. I have tried to use your suggested method but I am unable to get to the suggested fixes. I have been entering the same basis information for a number of years and have not run into this before.

Re: form 8621

JillS56 — Mon, 14 Feb 2022 03:11:37 GMT

TurboTax does not support form 8621 so you will be unable to delete Form 8621. To fix this problem you will need to go back through your return and see what you answered that might have triggered TurboTax to think you have a passive foreign investment "PFIC". TurboTax is telling you that it cannot handle your return. Here is a link with more information on What IRS Forms are not included in TurboTax. Most likely the question would be in the investment income section.

If you go through these steps and are still having a problem, come back, and
we can see if there is another way we can help you find where the issue is.

Re: form 8621

hawaiirancher2018 — Mon, 14 Feb 2022 03:42:26 GMT

I'm having the exact same issue as lizblin.

Help please, I can't move forward unless Turbox Tax fixes the problem!!!!!

Re: form 8621

RobertB4444 — Mon, 14 Feb 2022 04:03:55 GMT

If you can't find the question that you answered to generate this error then go back to your investment income and delete everything and re-enter it. Pay careful attention to the questions related to your income to be sure that you do not tell the system you have any foreign earned income.

Re: form 8621

bc6653 — Mon, 14 Feb 2022 14:54:04 GMT

Thanks, I will give it a try.

Re: form 8621

bc6653 — Tue, 15 Feb 2022 14:14:29 GMT

Per your suggestion I went back and deleted and reentered the income information. I am still gtting the same error message at the end. I thought initially that it had to do with my failure to do the double entry for the type of distribution. That is not the issue. any other suggestions? I am starting to wonder if I should start from scratch.

Re: form 8621

RobertB4444 — Tue, 15 Feb 2022 21:36:27 GMT

I am betting that there is some pass-through income on a 1099-DIV that is triggering this somewhere but I can't tell without looking at your entries.

You are probably better off having someone walk through the return with you to look at your entries so I recommend getting live expert help.

Here is a link to finding a TurboTax expert.

However, that requires upgrading your product which may be an expense you don't want. In that case you can call an expert and ask questions over the phone.

Here is a link to the TurboTax Phone Number.

Re: form 8621

bc6653 — Wed, 16 Feb 2022 14:29:52 GMT

Thanks for your assistance

Re: form 8621

jmckd — Thu, 17 Feb 2022 03:34:07 GMT

@JillS56 I have tried everything under the sun and have zero investments or 1099s or anything except wages earned in the US. I spent over an hour on Sunday with someone at Turbotax and they even had level 2 experts help. There is no explanation on why I would need a form 8621. The main reason that I use Turbotax is for efiling. I was told at the end of my conversation that maybe the IRS hasn't released this form to Turbotax for my state yet. Again, I don't need this form...

Maybe I need to go back and restart an entirely new return, which of course, really stinks and what if it doesn't work...

Re: form 8621

DaveF1006 — Thu, 17 Feb 2022 04:00:21 GMT

It depends. Perhaps you had K1 income for this year or prior years. See if you can delete the forms if this is the case. Also did you receive a 1099-INT or 1099-DIV that may have foreign mutual fund activity on it?

Select Tax Tools from the menu on the left
Then select Tools
hen the new menu pops up select Delete a Form
You will see a list of all the forms in your return
Find the form that you want to delete (8621, K-1)
Select the Form
Click Delete on the right
See if this works

Re: form 8621

jmckd — Thu, 17 Feb 2022 05:28:32 GMT

@JillS56 Please disregard my previous message. I decided to start over from scratch. It seems to be working now.

Re: form 8621

bc6653 — Thu, 17 Feb 2022 13:09:23 GMT

I gave given up. I have decided to mail in my taxes. Just delays my refund. As long as I still get the money. Has to do with trying to Efile. I considered starting from scratch, not worth the time and effort. Hopefully they try and figure out what the problem is with the program and fix it before next year.

Re: form 8621

hawaiirancher2018 — Fri, 25 Feb 2022 02:27:48 GMT

Spent over two hours with a very knowledgeable Specialist- Tajey, regarding this issue. SHE TRIED EVERYTHING UNDER THE SUN!!!!!!!!!!

not to mention working with five other specialist before her.

bottom line -turboTax needs to fix this problem. I think there’s something wrong with their 2021software program .