I am using TurboTax Premier for my personal taxes. I have finished all the entries and am getting an Error Check message that states the following:
I have entered all the K-1 Line 17 code V items on the table for Section 199A QBI. I had no issues last year. This year I have a Section 179 depreciation item that makes the overall income a net loss. Does this message mean that an upcoming TurboTax update will complete this item or is this something different?
Yes, TurboTax anticipates that an update will be available on 2/20/2020.
I'm not sure if this is the right spot to ask but I also received the 179 message.
But before I even get there I get stopped with a screen stating "Let's check for some uncommon adjustments"
I am very new at this but here is my best guess on info that could help solve this:
I hope this leads to an answer cause I'm about to torch this laptop lol!!!
I have the same issue and I too am ready to throw my computer through the window.
What's up with this? Can't click on "None of these apply"
Is this also being corrected?
I got an update earlier today but it didn't resolve my problem. Same Error Message on Error Check.
Yes - Received an update today. Thought I would wait until tomorrow to see if it updates again. Hope that resolves it.
I got an update yesterday (2/20/20) but it did not correct my problem. No update yet today. Any news on when this will be resolved? If it can't, can I still e-file my return? After reviewing IRS publications and IRS FAQs on this subject, all my entries concerning this issue are accurate as best as I can determine.
As of this morning, this error is still occurring. There are no new updates to resolve this.
Can I ignore this error and still accurately and confidently e-file my taxes? This issue is the only thing holding me up.
Help!
I discovered this morning that IRS Publication 535 is still being revised for TY2019. This is what directs the Section 199A application. I am waiting for response from a TurboTax employee expert to answer your exact question. I also am waiting on this one issue before I can file. Hopefully I will get an answer today.
Thanks Mattox, that is good to know. Though the IRS needs to get it's **bleep** together and publish this thing, it's almost March.
Congress changed the law on December 20, 2019 so it put all the IRS people who have to update Publication 535 in a bind and of course TurboTax folks have to wait on that before they can change their code. I agree that they need to get on with the show.
Appreciate the feedback. It wasn’t fixed earlier so I’ll check again Monday or so. Gonna take the weekend off to enjoy not doing my taxes.
The only thing stopping me from filing my taxes is this error message.
As my name suggests, taxes aren't my wheel house but....
If it is just a Turbo Tax thing, can't the taxes be filed with this error message? Or, does the error in their code screw everything up?
You can file your taxes but if the change TurboTax is waiting for from the IRS affects your return, you'll have to file an amended return later to correct it.
You can snail MAIL, but you cannot E-FILE!
The error check is preventing e-file.
Thanks. I'll give them a bit to dial it in but it's not that hard for me to just use someone else. But maybe all tax folks have the same problem.
Just reviewed several other tax software comment boards regarding QBI-section 179 errors blocking e-filing...
- HR Block has the same/similar issue
- One person reported TaxAct was ok...be cautious
It is shameful these large corporations are not being more proactive in notifying users of their software regarding significant issues.
This is the link that Intuit is using but has not shared:
https://www.irs.gov/e-file-providers/list-of-available-free-file-fillable-forms
You can see that parts of 8995-A are pending. This is why Intuit is blocking.
HOWEVER, this has nothing to do with the short form 8995 and if that is what TT has selected that error should not be preventing filing.
I recommend calling and complaining as I did.
Is there a Turbo Tax employee on these threads who can provide direction on this issue?
Unfortunately, the IRS has pushed the date for availability for the Form 8995-A to 2/28/20 (they just changed it today). TurboTax will update as soon as possible.
For those of us that are using Form 8995 and not 8995-A, can we go ahead and file our taxes even though we still have this error message?
No, unfortunately, the IRS has moved the date for the Form 8995-A back to 2/28/20 so you will not be able to file yet. I completely understand how frustrating this is.
@MaryK4 The outstanding issue are for form 8995-A ONLY. Why are 8995 users being held up?
It also looks to me like the TT filing section will work despite the error. CAN YOU CONFIRM THIS?
I just feel like Intuit is not being transparent and is not communicating.
We do not want to delay your tax filing but there is no update as of right now.