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Lacerte gives me a critical diagnostic (ref #0) that form 8990 is in draft form.
Yet the IRS released 8990 and its instructions last December, and the IRS site shows nothing about any pending changes.
Can I still e-file with this critical error? Will the IRS accept it? I just was on hold with Lacerte support for 59 minutes with just music...L
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"Yet the IRS released 8990 and its instructions last December"
But there was a little change called the CARES Act that changed F 8990.
THAT change hasn't yet been implemented, by the IRS and therefore, by Intuit.
Whether you can override that diag & still file is unknown. I may try tomorrow; I have a return with a measly $ 160 that this issues is holding up the fiing.
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I just found this... maybe it's a work-around?
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Nope...the critical diag is still there.
BUT, I was able to disable efile errors & get the return to validate.
I can't actually efile it until I get back to the office.
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Thanks. In my case, the excess business interest (all $300) came in from a partnership K-1, and I was under the impression that partnerships weren't impacted by this CARES act provision.
Please let me know about whether the e-filing works (and the return is accepted by the IRS) with errors disabled. My client's return is 93 pages - that's a lot to mail!
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Will do... mine's is flowing from a partnership too. And it's probably 220 pages, plus three states. AND she always owes, and wants the payment directly debited.
I so do NOT want to paper file this one 😂
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Using today's Lacerte version, I was able to suppress the critical diagnostic, and e-file. The e-file was accepted by the IRS. So I guess this is a workaround!
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I'm just now rebooting to check.
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Pretty crappy, low-end way to "fix" it.... but I'll take it !!