topic Tax Year Prior to 2020: Will e-file be supported for Form 8995A Schedule B by April 15th? July 15th? in Business & farm

Tax Year Prior to 2020: Will e-file be supported for Form 8995A Schedule B by April 15th? July 15th?

Jubilex — Mon, 22 May 2023 19:05:18 GMT

I have everything good to go and my QBI Aggregation looks great. I am unable to e-file because Schedule B (aggregation) of 8995-A is not yet supported as of 3/29/2020 in TurboTax.

Is this being actively worked on where I can wait and e-file instead of paper filing? I have seen other questions similar to @DavidS127 but the responses were more to help correctly set up aggregation, not if e-file was going to be supported soon.

Thanks,

Steve

Re: Will e-file be supported for Form 8995A Schedule B by April 15th? July 15th?

DavidS127 — Sun, 29 Mar 2020 20:04:26 GMT

Form 8995-A Schedule B e-file will be enabled in the update scheduled on or about 4/1/2020.

Re: Will e-file be supported for Form 8995A Schedule B by April 15th? July 15th?

khmama — Wed, 01 Apr 2020 20:57:30 GMT

So any day now?

Re: Will e-file be supported for Form 8995A Schedule B by April 15th? July 15th?

VictorW9 — Wed, 01 Apr 2020 21:19:59 GMT

The form has not been approved yet by the IRS for e-filing. Every new or updated tax form must pass several checkpoints before TurboTax can incorporate the form on it's software. Here's how it works:

The government must approve the form to make sure it follows the tax law.
The government then has to approve the tax software-specific version of that form.
We then rigorously test the form in the software to ensure it's accurate.
The government gives our form their final stamp of approval.
We can then include it in the TurboTax program.

Re: Will e-file be supported for Form 8995A Schedule B by April 15th? July 15th?

Jubilex — Sun, 05 Apr 2020 04:54:25 GMT

Hi @DavidS127

It appears that turbotax is able to e-file now with the latest update. However when I look at my FORM 8995-A Schedule B, line 3, I think there may be an error.

I have 4 businesses listed, all 4 show up in the online GUI with a vertical scroll bar to see them. However on the print version like 1 & 2 are filled out with my first 2 (of 4) businesses but line 3 (there are only 3 lines) says "See Statement".

I cannot find a document anywhere that has the "Statement" and thus I am missing 2 lines of businesses showing up in the PDF. Is this an error or where are the other 2 businesses listed?

Thanks

Steve

Re: Will e-file be supported for Form 8995A Schedule B by April 15th? July 15th?

DavidS127 — Sun, 05 Apr 2020 12:27:20 GMT

When I aggregated 4 businesses together in TurboTax, and "print/previewed" the Schedule B, I got the same result. Note, however, that the PDF includes a "Continuation Statement" with the title "Additional information from your 2019 Federal Tax Return". It shows in the PDF bookmarks as "Additional Information". That Additional Information Continuation Statement has the other two businesses listed.

The reason TurboTax does this is that the actual IRS Form 8995A Schedule B form doesn't have "room" for more than two businesses, so this additional information statement is needed.

Here is a screenshot if the heading for that Additional Information statement: