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Level 2
posted Mar 1, 2021 7:35:50 PM

How do I fix a return rejected due to FED_Taxable_Inherited_IRA?

My return was rejected due to "FED_Taxable_Inherited_IRA". When I try to "fix it", TurboTax says in "What needs to be done" section: "We are reviewing updates to Taxable Inherited IRA calculations. We expect to have these updates done by March 5th, 2021." Does this just mean TurboTax had an error and I should wait? I didn't inherit any IRA, and double checked that, so unclear what I did wrong.

0 5 934
5 Replies
Expert Alumni
Mar 2, 2021 5:58:57 AM

Yes, please wait for the updates on March 5th.

Level 2
Mar 3, 2021 9:09:38 AM

Apparently this is a problem that a lot of people are having.  there is another message thread about this problem with over a hundred people reporting the issue, but unfortunately there hasn't been any response from TurboTax

Level 2
Mar 3, 2021 9:11:11 AM

Apparently this is a TurboTax problem. There is another thread about this with over a hundred other people reporting similar issues.  Unfortunately TurboTax hasn't provided a response to this issue.

Level 3
Mar 4, 2021 2:45:21 PM

If you want to see the main thread with many people discussing the issue, and what they are hearing from customer support:

 

https://ttlc.intuit.com/community/taxes/discussion/my-return-was-rejected-due-to-fed-taxable-inherited-ira-but-i-did-not-inherit-an-ira/00/1996667

 

Level 3
Mar 4, 2021 6:06:36 PM

Update: Some people with this error are getting returns accepted, discussing on main thread.  Turbotax update on 3/4 seems to have fixed it (for many, not sure if 100% fixed).