topic Re: Form 8606 Availability in Retirement tax questions

Form 8606 Availability

hwm — Fri, 31 Jan 2020 16:11:51 GMT

Any idea when 8606 is really going to be available? Originally it was scheduled for 1/29. That slipped to 2/5 and now it has gone to 2/12. What is taking so long for this relatively uncomplicated form?

Re: Form 8606 Availability

KurtL1 — Fri, 31 Jan 2020 22:33:28 GMT

Per the IRS forms availability table for TurboTax individual (personal) tax products the availability date for Form 8606 has been updated to 02/05.

Re: Form 8606 Availability

hwm — Fri, 31 Jan 2020 23:48:23 GMT

Please take another look at the table you referenced (https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotax_fed_online_individual.html). As of about 5:45 pm cst, on 1/31, it says 2/12/2020 not 2/5/2020. Again I'll ask, why is this form taking so long to release?

Re: Form 8606 Availability

rrh — Sat, 01 Feb 2020 01:59:20 GMT

Interesting ... It is currently available on the IRS website ..

Re: Form 8606 Availability

ghost — Sat, 01 Feb 2020 15:06:31 GMT

@KurtL1

Now available 2/12/2020. I've a copy of HRBlock software and this form is ready.

Re: Form 8606 Availability

frankidgaf — Sun, 02 Feb 2020 05:09:03 GMT

NOW it is 02/12/2020 !

Re: Form 8606 Availability

rrh — Mon, 03 Feb 2020 17:14:24 GMT

Next year it will be HRBlock for me ..

Re: Form 8606 Availability

hwm — Mon, 03 Feb 2020 20:10:14 GMT

All I can say is be careful. I have a copy of H&RBlock also and there is a slight difference between H&RBlock and TurboTax in the calculation of the line 10 ratio of Form 8606. The IRS instructions for that line say to round the ratio to "at least three places." Block rounds to three, but TurboTax rounds to 5. Those two decimal places may not sound like much but depending on the size of your after-tax contributions, the value of your IRA, and the size of your distribution they can make a difference. They did for me. I owe less with TurboTax.

Re: Form 8606 Availability

Randy51 — Wed, 05 Feb 2020 23:28:40 GMT

I have to agree. The IRS posted the form on 1/23. It seems like Intuit is kicking the can down the road on this one. A simple form ... probable only needed to change 2018 to 2019. What is the hold up???

Re: Form 8606 Availability

macuser_22 — Wed, 05 Feb 2020 23:32:04 GMT

Because e-fileing does not use paper forms - it transmits encrypted data in the exact format specified by the IRS/State or the IRS/State could not read it. The IRS/State first finalizes the paper form, then writes the e-file specifications and gives that to e-file providers to develop their software. Then the IRS/State must test with the e-file providers and approve the electronic forms before they can be released so that both ends are compatible. That process usually takes several weeks after the paper version has been released.

Re: Form 8606 Availability

wrussel1 — Thu, 06 Feb 2020 00:38:50 GMT

This is getting ridiculous. Can we get some answers from Intuit please?

Re: Form 8606 Availability

rrh — Thu, 06 Feb 2020 16:34:33 GMT

Good explanation, buy why does HRBlock have it ready to go and Intuit is still not ready?

Re: Form 8606 Availability

JohnB5677 — Thu, 06 Feb 2020 21:52:53 GMT

Based on our best information FORM 8606 will be available on 02/12/2020.

Select your situation below to locate your 2019 form or schedule.

TurboTax Online/Mobile (web, iOS or Android)
TurboTax CD/Download for Windows
TurboTax CD/Download for Mac

From <Federal FORM availability>

Re: Form 8606 Availability

rrh — Sat, 08 Feb 2020 16:44:58 GMT

I agree. "Intuit" clearly is not listening or simply does not care ! If another company like HRBlock can get it done in a timely manner, is says a lot about TurboTax and their complete lack of urgency for their clients.

Re: Form 8606 Availability

LinaJ2020 — Sat, 08 Feb 2020 23:37:27 GMT

The fact that the forms are available on the IRS website has nothing to do with any tax software program. The forms are available if you are going to download from the IRS to complete it on your own. However, e-filing is different. Once the form is finalized by the IRS, it has to be coded into the special language the software uses and has to be thoroughly tested for calculations and e-filing acceptability. IRS then has to approve it for e-file. It always takes a little longer for a form to become available for e-file in a software program. I hope this helps you understand the situation. At this point, the IRS expects to approve the form 8606 on TurboTax e-file as 02/12/2020. I truly understand your frustration and thank you for your patience.

Re: Form 8606 Availability

frankidgaf — Sun, 09 Feb 2020 04:02:23 GMT

THEN WHY CAN H&R BLOCK SOFTWARE HAVE IT -- SINCE JANUARY??????????????????????

Re: Form 8606 Availability

frankidgaf — Sun, 09 Feb 2020 04:04:36 GMT

THEN WHY CAN H&R BLOCK SOFTWARE HAVE IT -- SINCE JANUARY ??????????????????????

Re: Form 8606 Availability

rrh — Tue, 11 Feb 2020 21:19:21 GMT

We're making real progress. Now we've gone from available 2/12 to "ready soon!"

Re: Form 8606 Availability

frankidgaf — Tue, 11 Feb 2020 22:46:27 GMT

INTUIT TURBO TAX IS USELESS. WHEN IS " READY SOON" ? @#$%^&*()$%^&*_()_!

Re: Form 8606 Availability

hwm — Wed, 12 Feb 2020 12:40:57 GMT

Turbotax please respond to this message.

At this point I have to ask "What the hell is going on?" Form 8606 has gone from being available the end of January to 2/5/2020 to 2/12/2020 to being listed as "available soon" (whatever that means) when I boot Turbotax. As of the morning of 2/12 it is no longer even listed on the Turbotax Individual Forms Availability Table (https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotax_fed_windows_individual.html). It should be between Form 8586 and Form 8615, but it isn't there!

"Form 8586, Low-Income Housing Credit available available

Form 8615, Tax for Certain Children who have Investment Income 02/20/2020 02/20/2020"

Is Turbotax still supporting Form 8606 and if not how can I get a refund? If Turbotax is supporting 8606 when will it be available. Give us a hard date not some amorphous "soon."