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That would trouble me. My desktop application (Mac) shows a big red "Rejected" for all three of my returns (Fed due to error, 2 states due to Fed rejection). You might have a case where contacting TT support is worth the time...
Yes, this is the problem! I have $36 in "business income." TurboTax puts it in line 4a on Form 8960 where, according to the above post, it's supposed to go. But, it's not rental income. Let's hope the IRS fixes this by February 5. It looks like I'm not the only person affected 🙂
@BligBlueLaser- why contact TT support, just so they can be referred back to the community forums for a fix for that problem too lol
Did you look at last years taxes? I don't have any rental property either and a form was generated. I looked at last years taxes and it was also generated and accepted without any rental property. That's what makes me think its and IRS error. The Error code is an IRS code.
I just looked on the irs website and there is a downloaded spreadsheet of known errors and solutions. This is listed there
Tax Year 2022 Production Known Issues and Solutions | |||||||
Updated 01/25/2023 | |||||||
Date entered | Form Type | Issue Type | Description of the Problem | Solution(s) | Projected Resolution Date | Date Resolved | Status |
1/17/23 | Form 8960 | Business Rules | Business Rules F8960-019-04 and F8960-003 may cause returns to erroneously reject. These business rules need to be modified to reflect the updates to the Instructions for Form 8960 (Tax Year 2022) regarding the Specific Instructions for Line 4a to include Schedule C (Form 1040) amounts reported on Schedule 1 (Form 1040), line 3 and Form 1041, line 3. | Business Rules F8960-019-04 and F8960-003 will be updated in early PY2023. | 2/5/23 | OPEN |
I just looked on the irs website and there is a downloaded spreadsheet of known errors and solutions. This is listed there
Tax Year 2022 Production Known Issues and Solutions | |||||||
Updated 01/25/2023 | |||||||
Date entered | Form Type | Issue Type | Description of the Problem | Solution(s) | Projected Resolution Date | Date Resolved | Status |
1/17/23 | Form 8960 | Business Rules | Business Rules F8960-019-04 and F8960-003 may cause returns to erroneously reject. These business rules need to be modified to reflect the updates to the Instructions for Form 8960 (Tax Year 2022) regarding the Specific Instructions for Line 4a to include Schedule C (Form 1040) amounts reported on Schedule 1 (Form 1040), line 3 and Form 1041, line 3. | Business Rules F8960-019-04 and F8960-003 will be updated in early PY2023. | 2/5/23 | OPEN |
I just looked on the irs website and there is a downloaded spreadsheet of known errors and solutions. This is listed there
Tax Year 2022 Production Known Issues and Solutions | |||||||
Updated 01/25/2023 | |||||||
Date entered | Form Type | Issue Type | Description of the Problem | Solution(s) | Projected Resolution Date | Date Resolved | Status |
1/17/23 | Form 8960 | Business Rules | Business Rules F8960-019-04 and F8960-003 may cause returns to erroneously reject. These business rules need to be modified to reflect the updates to the Instructions for Form 8960 (Tax Year 2022) regarding the Specific Instructions for Line 4a to include Schedule C (Form 1040) amounts reported on Schedule 1 (Form 1040), line 3 and Form 1041, line 3. | Business Rules F8960-019-04 and F8960-003 will be updated in early PY2023. | 2/5/23 | OPEN |
I guess the IRS really does need all those 87,000 new agents. This is so disgusting that we have these issues.
I called 2 days ago and the "Tax Expert" I talked to didn't have a clue.
Although the solution posted above references an IRS issue, there is a TurboTax issue as well.
per IRS instruction, for 8960 should match Line 14 on Schedule A.
in my return, no Schedule A was generated.
It’s not clear to me that form 8960 is necessary or appropriate for my small business. But if Turbo Tax generates this form, then they should be responsible for generating the companion form (Schedule A) so that the eFiling is accepted.
When will this be resolved?
Just got off the phone with TT support and he said it's a known issue, they are getting endless calls about it, and they dont have a date yet as to when it will be fixed. It's shocking that a known issue isn't raised to our attention via email. Horrible. We need to ask for partial refund on the product.
Thanks for this detailed reply. It inspired me to bite the bullet and redo my filing. I used H&R block's solution and on the 1st try, it was accepted (within 1 minute of filing no less). I think TT, which I've used for the last several years just didn't own up to their issue nor provide enough options for resolution. If they had refunded my money, I'd likely come back. But very unlikely now... I hope all of you get your taxes filed successfully.
I'm in the same boat; however, I am going to hold off rather than file paper. If you go to the link that was posted regarding known issues and click on the one and only line for 2022, you will download a Macro-enabled Excel spreadsheet. Filter column B using 8960.
Business Rules F8960-019-04 and F8960-003 may cause returns to erroneously reject. These business rules need to be modified to reflect the updates to the Instructions for Form 8960 (Tax Year 2022) regarding the Specific Instructions for Line 4a to include Schedule C (Form 1040) amounts reported on Schedule 1 (Form 1040), line 3 and Form 1041, line 3.
It also states, which I wanted to confirm, that the Projected Resolution Date is February 5th. It was logged by the IRS on January 17th. This effects every schedule C filer so I would hope this is a priority for them.
The IRS' website gives the following information regarding paper vs electronic filing.
If you file a complete and accurate paper tax return, your refund should be issued in about six to eight weeks from the date IRS receives your return. If you file your return electronically, your refund should be issued in less than three weeks, even faster when you choose direct deposit.
Let's say the IRS fixes it later than projections; like 10 days late. That's two weeks plus an assumed three weeks (says in less than) you will wait for it to be processed and deposited in your account. Five weeks.
Paper file and you are looking at six to eight week once they get it. What I would hope is a worst-case e-filing timeline vs the best-case paper filing is 7-10 days earlier.
In the meantime, my suggestion to all is send your senators and your representative a note demanding that the IRS immediately address the know error in e-filing business logic for form 8960. Anyone who earned money from work done outside of a W-2 (contractor, side-hustle, etc.) will be prohibited from e-filing until this is resolved.
Yes, I had a 1099-NEC and receiving an error with form 8960. Pretty ticked with TT if they knew there was a issue and charged me to file anyway when they knew they couldn't. Seems sketchy af. After many years with TT, I'm moving on.
<Note - I hadn't scrolled all the way through comments when I posted this so I hadn't seen that others followed the path>
For curious minds:
Let me add a little context here. Em53's comment about a it being on the IRS side AND the February 5th date are correct. I had my doubts at first but I confirmed the most critical aspect of her response. To ease some of the concerns I have seen posted here, let me fill you in with the following.
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