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chadchandler777
Returning Member

Form 8960 error

I keep getting errors for form 8960 that is keeping me from filing. I read it was an issue a few months ago, but had been fixed. Am I doing something wrong? Form does not apply to me.

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5 Replies

Form 8960 error

Form 8960 is automatically generated by the program (i.e., generated only when necessary).

 

If you are getting errors, you should contact Support (link below) during regular business hours.

 

https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632

laa0703
Returning Member

Form 8960 error

yeah, the program created form 8960 and worksheet. did it twice to make sure but I still get these forms. Per IRS, form 8960 is not required on sale of a primary residence . . .  Only Sch D and Form 8949.

 

There is a program glitch

Form 8960 error


@laa0703 wrote:

There is a program glitch


There is no program glitch, as far as I can determine. I have done several tests and the only instances in which the program created an 8960 is when I exceeded the threshold amounts based on filing status.

 

See https://www.irs.gov/instructions/i8960#idm140442620421104

laa0703
Returning Member

Form 8960 error

I re-do my input on the sale of primary residence and it generated form 8960.

per irs, the form is not required only Sch D and form 8949 if you have gain/loss to report.

 

form 8960 is for other investment transactions and not for sale of primary residence

Form 8960 error


@laa0703 wrote:

I re-do my input on the sale of primary residence and it generated form 8960.

per irs, the form is not required only Sch D and form 8949 if you have gain/loss to report.

 

form 8960 is for other investment transactions and not for sale of primary residence


I really don't know what to tell you other than to make sure you are following the screens closely so the gain is excluded and not taxed.

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