form 8621

[jmckd]

@JillS56 I have tried everything under the sun and have zero investments or 1099s or anything except wages earned in the US.  I spent over an hour on Sunday with someone at Turbotax and they even had level 2 experts help.  There is no explanation on why I would need a form 8621.  The main reason that I use Turbotax is for efiling.  I was told at the end of my conversation that maybe the IRS hasn't released this form to Turbotax for my state yet.  Again, I don't need this form... 

Maybe I need to go back and restart an entirely new return, which of course, really stinks and what if it doesn't work...

[DaveF1006]

It depends. Perhaps you had K1 income for this year or prior years. See if you can delete the forms if this is the case. Also did you receive a 1099-INT or 1099-DIV that may have foreign mutual fund activity on it?

1. Select Tax Tools from the menu on the left

2. Then select Tools

3. hen the new menu pops up select Delete a Form

4. You will see a list of all the forms in your return

5. Find the form that you want to delete (8621, K-1)

6. Select the Form

7. Click Delete on the right  

8. See if this works

[jmckd]

@JillS56 Please disregard my previous message.  I decided to start over from scratch.  It seems to be working now.

[bc6653]

I gave given up. I have decided to mail in my taxes. Just delays my refund. As long as I still get the money. Has to do with trying to Efile.  I considered starting from scratch, not worth the time and effort. Hopefully they try and figure out what the problem is with the program and fix it before next year. 

[hawaiirancher2018]

Spent over two hours with a very knowledgeable Specialist- Tajey, regarding this issue. SHE TRIED EVERYTHING UNDER THE SUN!!!!!!!!!!

not to mention working with five other specialist before her.

bottom line -turboTax needs to fix this problem. I think there’s something wrong with their 2021software program .

[hawaiirancher2018]

No K-1.

I have the same investments that I’ve had for years, no drastic changes to my income.

I haven’t had this issue until now.

i’ve been filing my taxes with TurboTax for over 15 years.

[hawaiirancher2018]

Robert,

you need to file an investigation to figure out what’s wrong with the software program. 
if this continues TurboTax is going to lose a lot of their loyalcustomers.

[PatriciaV]

@hawaiirancher2018

It would be helpful to have a TurboTax ".tax2021" file that is experiencing this issue.

You can send us a “diagnostic” file that has your “numbers” but not your personal information.  If you would like to do this, here are the instructions: 

Go to the black panel on the left side of your program and select Tax Tools. 

1. Then select Tools below Tax Tools. 
2. A window will pop up which says Tools Center.  
3. On this screen, select Share my file with Agent. 
4. You will see a message explaining what the diagnostic copy is.  Click okay through this screen and then you will get a Token number. 
5. Reply to this thread with your Token number. This will allow us to open a copy of your return without seeing any personal information.  

We will then be able to see the same experience you are having. If we are able to determine the cause, we'll reply here and provide you with a resolution. 

[daphtrevino]

I am getting the same error for form 8621.

My situation is I sold land in 2020 and it was added in the stocks, mutual funds section because it was personal land sold.

For 2021, I withdrew a large amount of my tax shelter annuity, and the error comes up indicating I need to mail this form 8621 along with my taxes into the IRS.

I have tried to find this form connection and the steps that were given, I am not able to find tax tools.  I find tools in the left menu.

Any assistance would be helpful.

Thanks daphtrevino

[hawaiirancher2018]

Hi-

Open your tax return.

At the top of your screen, (left side, black bar/there's a menu)

Click on ONLINE.

Click on SEND TAX FILE TO AGENT.

Follow the instructions from there- It will process your tax file for TT specialist to review.  

When complete it will give you a token #.

Write this down and provide it to the specialist that you are dealing with.

Hope this helps.

[doncor799]

I am having the same problem, can I sent my file to you also?

[doncor799]

PatriciaV I just sent a file as requested. Have a token ## please let me know if you need the number.

[DWebb2]

Apparently this years version of Turbotax randomly pulls up forms that it requires us to fill out. To delete an unwanted form, 1) click on 'View' on the top row. 2) Then select 'Forms'. Do not bother looking at this list as these are just the filled out forms for your return. You need to see all IRS forms. 3) So find & click on the 'Open Forms' icon at the top of that window. 4) Once the full list of all forms opens up, find form 8621. 5) Once form  8621 has opened, click on the  'Delete Form' button at the bottom.

[doncor799]

Turbo tax does not support 8621 so there is no form.

[Anonymous]

I had same problem very frustrating.  I think I  entered some Zeroes on the 1040 worksheet by MISTAKE.  I found possible SOLUTION that worked for me:

1. Open Form 1040/1040SR Wks

2. Scroll down to the TAX SMART WORKSHEET section

3. Go to entry for  "Letter J Form 8621 tax deferral from line 9c . . ."

4.  If it is "0"  replace it using the Space Bar and SPACE over the entry. (I think Turbo Tax program sees the Zero  and thinks you need to file a form even if it is zero).   So it should be BLANK no entry at all - NO Numbers.

**Look for other zeros on the Tax Smart Worksheet and space over them as well if you don't have a form filled out!  Seems Turbo Tax will see a zero with any Form reference and then will look for the Form.    Hope that helps.  Karl