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This form will be available on February 11, 2021, but only for printing and mailing. Form 7202 cannot be e-filed.
Reference: IRS forms availability table for TurboTax individual (personal) tax products
Would it be a bad idea to efile and send form 7202 in mail separately?
Yes, mailing form 7202 is a bad idea. Your form 7202 will probably be thrown out by an IRS agent since it is not one of the approved situations where you mail something after e-filing.
Eligible self-employed individuals are entitled to claim qualified sick and family leave equivalent credits.
To be an eligible self-employed person, both the following must be true.
1. You regularly carried on a trade or business within the meaning of section 1402.
2. You would have been: a. Eligible to receive qualified sick leave wages under the Emergency Paid Sick Leave Act if you had been an employee of an employer (other than yourself), and/or b. Eligible to receive qualified family leave wages under the Emergency Family and Medical Leave Expansion Act if you had been an employee of an employer (other than yourself).
Each eligible self-employed individual must file a separate Form 7202. If filing a joint tax return and both spouses are eligible self-employed individuals, each must attach a separate Form 7202 to the joint tax return. You must maintain appropriate documentation to show that you are an eligible self-employed individual.
Other online tax preparers like TurboTax are efiling this form for their customers so why can’t you?
Each eligible self-employed individual must file a separate Form 7202. If filing a joint tax return and both spouses are eligible self-employed individuals, each must attach a separate Form 7202 to the joint tax return. You must maintain appropriate documentation to show that you are an eligible self-employed individual.
Wait - what?
In order to properly use this new IRS government form, we will no longer be able to e-file?
Is that what I'm understanding?
If I plan to file form 7202 on my tax return this year, I will have to mail in the entire tax return instead of e-filing??
@bobby_loredo, yes that is correct; form 7202 is not supported via e-file. The following FAQ provides IRS forms availability which show which forms are supported by e-file vs mail:
Yes and other tax preparers online ARE able to efile this document but NOT turbo tax. It’s ridiculous.
@sebanbury what other tax preparer will do form 7202 on efile?? I need for myself
This form should be available tomorrow 2/11/2021 unless IRS changes it again. Click here for forms' availability: 7202 Another option you have is to file without the form and amend later.
Form 7202 is a form used to claim credits for sick Leave and family Leave for certain self-employed Individuals. This is one of the multiple tax provisions under the Families First Coronavirus Response Act.
If you are a self employed person including those receive a Form 1099-MISC and if you were not able to work or telework due to reasons related to the coronavirus, you are eligible for this Sick Leave and Family Leave credits.
To see if you are eligible, click here: Who must file Form 7202
To learn more details about the credits, click here: Self Employed Credits
No., The form may not be available yet in Turbo Tax as the IRS is still finalizing 2020 tax forms. The form 7202, Credit for Sick Leave and Family Leave for certain Self-employed, effective April 1, 2020, applies to a leave taken between April 1, 2020 and December 31, 2020 due to Covid-19.. When available, you may follow the steps below to add it:
See, when will my forms be ready, link.
this is a disaster! TurboTax needs to support e-filing, as a .pdf or whatever, if other providers can!! Self-employed people have complicated returns and it's not acceptable to find out after weeks or months of work in Turbo Tax that TurboTax for home AND BUSINESS does not support e-filing a critical form!!
No., The form 7202 may not be available yet in Turbo Tax as the IRS is still finalizing 2020 tax forms. The form 7202, Credit for Sick Leave and Family Leave for certain Self-employed, effective April 1, 2020, applies to a leave taken between April 1, 2020 and December 31, 2020 due to Covid-19..
See, when will my forms be ready, link.
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