Level 4

Question

Why it form 8915 populating for tax year 2023?

Forum|Forum|2 years ago
January 24, 2024
4 replies
18 views

It seems that Form 8915 is rolling into tax year 2023 and has 1/3 of the IRA distribution from 2020 as still taxable on the 2023 tax return. The client already paid 1/3 in 2020, 1/3 in 2021, and 1/3 in 2022. Thoughts on will this automatically go away after the early February update? Or are you planning to just delete Form 8915 and move on? Cant believe the software doesn't know this already and needs to wait for an update.....or shocked that we would have to manually remove the form.

Any input is appreciated.

Thanks,

Bryce

ProSeries Professional

This topic has been closed for replies.

dascpa

Level 11

Please read all the prior posts on this same subject. The answer - the program is not 100% complete. We're sure (hoping, praying, pleading) there will be an update to fix this.

B

bryceAuthor

Level 4

I searched the form number.....didn't see any new posts about this form for TY23. Sorry if I missed a post about it.

IRonMaN

Level 15

Intuit's standard answer to this type of question is "we are aware of an unexpected behavior and it will be fixed in a future update". They don't like to give a timeline, so you know when it is safe to go back in the water. You can just delete the form and move on, but the scary part will be what happens when they do fix it? Will your return be ok or will it muck it up with the fix?

Slava Ukraini!

D

Denver1

Level 5

Customers who had Disaster distributions in 2020 (non COVID related) might see the form 8915 populate in their returns for TY 2023, when they should not.

Our development team is currently working on a fix for this issue. In the meantime, there is a workaround for customers who do not need the 8915 for TY23. For returns that do not need the form:

Place a 0 or delete the numbers found in line 2 or line 11.
Delete the form from the return

If the customer got a non-covid disaster distribution at anytime in 2021, they will still be required to use the form once it is final.

IRonMaN

Level 15

But how come nobody from Intuit can ever say - it is estimated to be fixed in a week, a month, or it won't be done until October 1st? Tax preparers have a short window to get returns out the door and when they have no clue as to when it will be safe to proceed, Intuit leaves them hanging in limbo and makes their tax seasons that much more frustrating. If my truck breaks down and the shop doesn't have parts, they will tell me the parts should be here in about x number of days or weeks. At least I know roughly when I will get my wheels back. Why can't Intuit operate with that same courtesy?

Slava Ukraini!

F

Frustrated-in-IL

Level 8

@ IRonMaN said:

If my truck breaks down and the shop doesn't have parts, they will tell me the parts should be here in about x number of days or weeks. At least I know roughly when I will get my wheels back. Why can't Intuit operate with that same courtesy?

You must be new around here!😅

R

Rick1725

Level 4

Yeah, same thing happens for me. Form 8815 is erroneously populates. It shouldn't even be created.

Oh well. I found out that Intuit offers a special upgrade to ProSeries for only $1299 extra that promises to try to be timely and accurate, not just expensive.

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