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Well folks we made it thru our first day with the infamous form 8915F. I did okay and I would expect while the first couple of tax returns might have been troublesome for some after that I would think it might have been a snap.
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Looks like theres a glitch with that 8915F and current 2021 year retirement distributions. The current year distribution isnt transferring to the 5b taxable line, only the 8915F portion shows up.
This can be a huge issue, so verify that the returns youve worked on are really correct.
IRAs on line 4b seem to work as intended, but Line 5b doesnt.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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interesting, are you saying the amount that transfers works as intended but if client took additional withdrawals in 2021 the software is not pulling those amounts?
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Not good. They had a million years and still goofed it up. oh boy.
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Mine works as intended. The current year retirement from 401K populates and is added to the carryforward coronavirus retirement deferral. The correct amount shows up on 5b. I am not sure who is pulling your leg but what you say is not true Lisa.
@Just-Lisa-Now- where are you showing this huge issue? Can you show me how you duplicated it?
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♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Gawd its been a horrible day today. 😕
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Good. I thought my program was screwed up for doing it correctly.
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I'm doing something wrong too because it didn't flow over - sigh - maybe after more coffee I can figure it out
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ok - if you haven't done much work on the return and have transferred before the update - delete the file and retransfer - wow now it flows.
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So if I had a return with info almost done and waiting for the form it won't transfer. So I have to delete the file and start over.