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Level 3
posted Mar 1, 2021 12:59:21 PM

Both my federal and state tax returns have been rejected.

Tax Return Rejected by IRS for the following reason:
=======================
Description of error:
There is a potential issue with the calculation of your Taxable Inherited IRA.

What needs to be done:
We are reviewing updates to Taxable Inherited IRA calculations. We expect to have these updates done by March 5th, 2021.
=====================

Does this mean that there is a software problem that will be fixed by March 05th 2021 and i should try to efile again then?

0 3 396
3 Replies
Level 15
Mar 1, 2021 1:53:27 PM

That is exactly what it means. 

Level 3
Mar 4, 2021 7:13:32 PM

Now i am getting this message when using the online version :

 

=============================================

Let's take a look at your return
Description of error:
There is a potential issue with the calculation of your Taxable Inherited IRA.
What needs to be done:
There is a known issue with the federal return that has been addressed in a software update. Please update your software to the latest version. After applying the update, make any applicable changes if necessary, and re-transmit the return. Note: The calculation change may affect the taxpayer's refund.
============================================
There is nothing to update for me since i am filing online.  Is there something else i need to do to fix the software return?

Intuit Alumni
Mar 5, 2021 4:28:12 PM

You may need to clear your cache and cookies. Make sure your return is saved in your TurboTax account and then sign out. Clear the cache and delete the cookies on your computer, open a new browser, sign back into your account and try entering your information again. You ma

 

If you continue to have the same issue, please click on the Contact Us form https://support.turbotax.intuit.com/contact/. We’ll help you connect with the right expert for your specific problem.