Level 5

Question

Form 8997 not computing INTUIT please fix!

Forum|Forum|2 years ago
March 5, 2024
5 replies
21 views

Form 8997 has information carried from 2022 in the 2023 smart worksheet at the top. QOF deferral amounts are not carrying to Part I or Part IV of the form, although dates and descriptions are carried into the tables.

ProSeries Professional

A

Anonymous

Hi @sariscpa, We'll need a sanitized file to research further. I'll send you a private message for more details.
-Gabi

T

TAXMANPAT

Level 3

I'm in the same boat with the 8997 issue. Did you get it resolved? Neither the inputs on the worksheet worked to populate the form, nor was data carried forward from 2021 to 2022 forcing me to manually enter the data in 2023 only to discover this new problem.

S

sariscpaAuthor

Level 5

No, they have not fixed it yet. But I am told they are working on it. I can't imagine what's holding up the fix.

T

TAXMANPAT

Level 3

thanks, hopefully I won't have to file manually. If you get an update, I'll take it.

J

jev

Level 3

Same issue here as of 3/18/24.

D

davidwashington

Level 4

Same issue as of 05/20/18

Info from prior year carries to the table, but does not carry to the respective parts.

Part 1, you can manually enter the dollar amount that is remaining (column f)

Entity info carries to part 4, but does not populate. Intuit instructions do say you may need to override fields. I guess that means it is a low priority.

Incidentally ProConnect (and I presume Lacerte) and ProFX have the same problem. (maybe they copy code?)

S

sariscpaAuthor

Level 5

This was the fix:

The "fix" is that you have to put the amount in the "QOF proceeds" column. Then it will flow. I'm not clear why, but it works.

you don't have to override but you have to enter the info in the "QOF proceeds" column.

A

Anonymous

@sariscpa Confirm that you have entered the QOF proceeds in the smart worksheet. Once done, Parts 1 and 5 will calculate.

S

sariscpaAuthor

Level 5

Hi, Gabi. It is there (carried over from prior year) and it is NOT carrying to the other parts. I sent you the sanitized file 2 weeks ago. Has anyone looked at it?

J

jev

Level 3

Same here. The amounts from the prior year's return carry forward to the Smart Worksheet, but the amounts do not flow to the rest of Form 8997.

D

davidwashington

Level 4

Same problem as of 07/03/2026 in ProSeries and ProConnect. You can put it one place, but then it doesn’t carry to the Totals in Part 4.

I guess this is a low priority. Fortunately you can just over-ride in ProSeries. Proconnect you have to think what the ancient programmer was thinking.

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