Form 8960 Error Turbotax

Form 8960 Error Turbotax - TurboTax IRS Error Form 8960 by PhinanceMD Mon Feb 06 2023 5 14 pm Anyone else encountered this error message this is my 2nd rejection of e filing on turbotax Was told issue coming from IRS and would be fixed Feb 5th I don t own any rental properties not sure what number it s referring to on form 8960 Anyone else have

Users experiencing reject errors F8960 019 04 and F8960 003 can begin to e file The IRS business rules have been modified to reflect the updates to the Instructions for Form 8960 Tax Year 2022 and in product diagnostics have been removed Thanks for your patience happy filing

Form 8960 Error Turbotax

Form 8960 Error Turbotax

 · The tax explained. The net investment income tax (NIIT) is a 3.8-percent tax on the smaller of your net investment income or the amount that your modified adjusted gross income exceeds the tax's thresholds. See how much NIIT you owe by …

1 Best answer tagteam Level 15 Read through the thread at the link below and note that you will have to use a desktop CD Download version of TurboTax to circumvent this error ttlc intuit community investments and rental properties discussion re my return says for View solution in original post October 5

Solved Form 8960 Rejection Intuit Accountants Community

As to where the problem lies I can t be 100 certain who can but there s obviously been exhaustive discussion here and it appears TurboTax is correctly including in returns and correctly filling in Form 8960 for anyone Who Must File according to

Form 8960 Obamacare Tax Implications For US Taxpayers In Canada Hutcheson Co

When all else fails READ THE INSTRUCTIONS irs gov instructions i8960 en US 2022 publink100012437 Note Income reported on Schedule 1 Form 1040 line 3 and Schedule 1 Form 1040 line 5 include both passive and nonpassive income and are added to line 4a of Form 8960

TurboTax IRS Error Form 8960 Bogleheads

Federal return rejected because Form 8960 NetRentalIncomeOrLossAmt has a non zero value yet I have no rentals no rental income losses Looked at the form and nothing seems amiss The guidance from TurboTax This return cannot be electronically filed due to a processing error on Form

Is An Anomaly In Form 8960 Resulting In An Unintended Tax On Tax Exempt Income

Level 1 02 16 2023 09 58 AM You bet I think it is time to leave I have been using ProSeries for about 12 years They are an antiquated system They raise prices 5 every year regardless of how well their software performs The software gets glitchier and glitchier every year The support personnel get less informative and helpful every year

 · What is reject code f8960 My federal return keeps getting rejected and I don't understand why am I getting this reject code. Form 8960 has to do with Rental income loss or gain and I've never had rental income. Like ever. Turbotax's suggestion is to 'wait a few weeks and try again' or print the returns and mail them. So let me get this straight

What Is Form 8960 Net Investment Income Tax TurboTax

Anecdotally TurboTax experts CPAs are giving all sorts of advice including suspect advice like Delete Form 8960 from your return and try again and Try entering all zeros and I m not sure they know what they re talking about From the IRS website regarding Reject Code F8960 019 04

Form 8960 Error Turbotax

Level 1 02 16 2023 09 58 AM You bet I think it is time to leave I have been using ProSeries for about 12 years They are an antiquated system They raise prices 5 every year regardless of how well their software performs The software gets glitchier and glitchier every year The support personnel get less informative and helpful every year

Users experiencing reject errors F8960 019 04 and F8960 003 can begin to e file The IRS business rules have been modified to reflect the updates to the Instructions for Form 8960 Tax Year 2022 and in product diagnostics have been removed Thanks for your patience happy filing

Instructions For Form 8960 Net Investment Income Tax Individuals Estates And Trusts 2017