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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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
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
@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
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
@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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