Just received the same rejection message, and as another posted, I did not inherit an IRA nor indicate that I did. When looking at "check E-File status", a statement indicates "We are reviewing updates to taxable inherited IRA calculations. We expect to have these updates done by March 5". Perhaps this is an indication that TurboTax, in fact has not been fully updated for filing when one has a normal IRA distribution?
I am going to wait until March 5th, to attempt a resubmission based on the message indicated in "check E-File status", assuming the program has an update on or about that date.
I have a Traditional IRA, with some non-deductible contributions (form 8606), for which I had a 2020 distribution. I do NOT have any inherited IRAs.
But the IRS rejected my e-filed return. When I open the return in TurboTax Premier a message states "There is a potential issue with the calculation of your Taxable Inherited IRA. We are reviewing updates to Taxable Inherited IRA calculations. We expect to have these updates done by March 5th, 2021."
Like others, I guess I will have to wait until the 5th, and check for updates to the software again, then roll the dice again.
I think I'll bookmark the web site for TaxAct... just in case.
I received exactly the same message a few minutes ago. I have income from IRA to Roth conversion but no inherited IRA.
Also told that something will be calculated by March 5. It must be a bug in either TurboTax or IRS software that is rejecting returns for no good reason
Just got rejected for the same reason. Do not have an inherited IRA.
Did a tIRA > 401k rollover and also a non-deductible tIRA > Roth conversion.
Would love some more information from TT on what the issue is here.
Is that the complete reject message? Is there a reject code?
Same happened to me. Wife & I both made non-deductible contributions and backdoored them to ROTH IRAs. Same procedure as previous years, I removed & reentered all IRA & 1099-R info and refiled. Fingers crossed..
Same Problem! Fed Return Rejected due to
"FED_Taxable_Inherited_IRS". Like everyone else, I did not inherit an IRA!
To Turbo Tax: please fix this as soon as possible.
I had the exact same problem today. Non-deductible IRA to Roth conversion. Not inherited.
When I checked the filing status after receiving the email notifying of the rejection, I received the same message as others re Mar 5th. About an hour later, I checked the status again to get a screen shot and it is no longer there -- ie, TurboTax walks me through e-filing steps again.
How will we know when a fix is in place? Has anyone tried to re-file?
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