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Level 1
February 7, 2020
Question

Form 8615 Update

  • February 7, 2020
  • 57 replies
  • 116 views

I'm doing my daughter's taxes.  She has earned income and also 1099q income from a 529 Scholarshare account.  The program will not allow me to file her taxes because it says that form 8615 needs an update.  I can't file electronically or by mail without the update.  The software is saying it's updated. Deleting the form produces a taxable event.

 

Help!

    57 replies

    Level 14
    February 7, 2020

     

    Form 8615 is used to report tax for Certain Children Who Have Unearned Income.  Does your daughter has an unearned income like interest and dividends?   This form has not been finalized yet.  Per the update, it will not be ready until 2/20/2020.

     

     

    Level 2
    February 9, 2020

    I have the same issue.  I can see that TT says the form will not be ready until 2/20/20, but the form is available online to download and print at the IRS' website. If I can get the form myself online now directly from the IRS, why the delay for TT to get the form and incorporate it into the program?

    Alumni - Intuit
    February 9, 2020

    The IRS has to finalize the form and then approve it for e-filing. It takes a little longer for a form to become available for e-filing in a software program.

     

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    Level 14
    February 14, 2020

     

    It is because our forms need to be approved by the IRS.  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.  I truly understand your frustration and thank you for your patience.  See updates: IRS forms availability

     

    @HollyKG99 @AngelBic

    Level 4
    February 15, 2020

    Is there an option to choose filing by paper and not having to wait for the e-filed form update?

    DoninGA
    Level 15
    Level 15
    February 15, 2020

    Form 8615, Tax for Certain Children who have Investment Income - Estimated date available for both e-file and Print 02/26/2020

    https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotax_fed_online_individual.html

    Level 2
    February 24, 2020

    This has been delayed for some time. First 2/5, 2/15, 2/20, 2/26, 3/4ish. I wouldn't expect it to be ready then either. This is definitely a turbotax issue that has to be approved by the IRS. Problem is, if they had submitted the form correctly in the first place it would have been approved already like the others that are already approved. It seems they initially used 2018 figures (2600.00) rather than 2019 (2650.00) as one of the reasons.  In the meantime, those who have hundreds or thousands of dollars in refunds get to leave it with the IRS longer rather than in your bank. Even intuit proconnect users can't e-file. This is a completely unacceptable situation. How about trying this. Don't let anybody e-file through this software until all of the forms are ready (which wouldn't be until at least 3/4) and let me know how many customers you think will purchase this product again in the future. When I purchase something I expect to be able to use it.

    Level 2
    February 25, 2020

    I have confirmed that this is a TurboTax issue.  I went to H&R Block and their form was ready.  I was able to complete the form and efile my tax return all while TurboTax is still telling me this form won't be ready until 3/4/2020.  I should have went to H&R Block when I first got this message from TurboTax, I would have had my refund by now.

    Level 4
    February 26, 2020

    The form 8615 is no longer even listed on the "Federal Individual Form Availability" page.

     

    This is worrisome!

     

    Level 4
    February 26, 2020

    If the issue is testing of the form by IRS for efiling, perhaps Intuit can at least release the form for the print option first, followed later by the form for the efile use.

    Level 2
    March 1, 2020

    Totally unacceptable for Turbo tax to not have this form ready today.  They should be granting free filing for anyone who has this problem.

    Looks like H&R Block is much better than turbo tax!

    Level 4
    March 4, 2020

    The date just changed again to 3/6.

    Level 15
    March 4, 2020

    Unfortunately, the release date for Form 8615 has been moved to March 6.  We do apologize for the inconvenience--we are working to release the form as soon as we can.

    Level 2
    May 17, 2020

    Although I use Turbo Tax every year for our joint return, I pay a CPA to do another family member's trust and personal returns.  (This family member is subjected to the kiddie tax). Since I have already purchased TT for myself, I also use it to check the CPA's work every year. We always match on the personal return. Not this year. Having compared the worksheets side-by-side, all I can say is that TT's kiddie tax calculations are flat out wrong. Whether I choose the old or new method, I get very different (and quite obviously wrong) results vs. the CPA's professional software which also shows both methods. It doesn't surprise me that people are having their TT returns rejected by the IRS because of form 8615. 

    macuser_22
    Alumni - Champ
    Alumni - Champ
    May 17, 2020

    Exactly what do you think is wrong  -  what on the worksheet is incorrect?     I can put in a bug report if I can duplicate and verify it.

    **Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
    Level 2
    May 23, 2020

    All I have are the Turbo Tax return and the professionally prepared return which I can compare side-by-side. Most everything matches but when it gets to calculating the tax both ways, they don't match (and they aren't even close). Both Turbo Tax and the CPA did the prior year's return and started from the same point.

     

    The differences are limited to Form 8615, and even then, some of the 8615 supporting worksheets match perfectly. I tried to delete 8615 and start over, but it wouldn't let me. So I deleted the investment income that triggers the kiddie tax, saved, and re-entered it, but the results ended up no different.

     

    A hint that something is wrong is that every time I sign into that return I first get an alert saying "Here are the tax forms that weren't available for filing the last time you used Turbo Tax" and it lists 8615.  Well clearly, that's not correct as I've worked with the 8615 form for 2 months. @macuser_22 @linaj20201