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Level 2
Mar 5, 2021 10:51 PM UTC
Question

Form 8915-E problem

Form 8915-E is only supposed to populate line 4c if line/column 4b is more than $100,000, but it is populating 4c with $100,000 even though the total of column b is well under $100,000. According to the form instructions, 4c should be left blank in this situation.

 

    3 replies

    macuser_22
    Alumni - Champ
    Alumni - Champ
    Mar 6, 2021 12:48 AM UTC

     I don't see how that can cause any problem so it seems to be irrelevant.

    **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.**
    GRogers1Author
    Level 2
    Mar 8, 2021 1:51 PM UTC

    Thanks - you may be correct that it doesn't really matter how that field is completed.  I am not sure how the IRS software is programmed and how it will handle that particular entry.  Mainly wanted to let the Turbo Tax folks know that the new form is not working exactly according to the IRS instructions (if they read these).

    macuser_22
    Alumni - Champ
    Alumni - Champ
    Mar 8, 2021 3:40 PM UTC

    It is just the default value and does not come into play unless the other columns are over $100K.

    **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.**