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Level 7
January 26, 2022
Question

Carryover from 8915E to 2021 and 2022

  • January 26, 2022
  • 3 replies
  • 13 views

Please help me out in trying to understand a recent post on Olympus tax regarding the 8915E Carryover.

On a recent post it was stated that intuit was not going to carry over this information to 202 and 2022 and that we are just suppose to remeber the amount and put it on schedule 1 as other income. Are they reying to say that after all the  BS in recent days over 8915F that we dont need it. If I am reading this post incorrectly don't be afraid to yell at me.

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3 replies

Intuit Community Champion
January 26, 2022

Dont listen to that post. As near as I can tell, this info needs to be reported on 8915-F. Unless things change, this form will not be ready until 03/17. I found numerous posts in Turbotax and they seem to have a flurry of activity from moderators over there. The general consensus is 8915-F is needed. I looked at the draft of 8915-F instructions and it does state it can be efiled. 

Now of course watch all that sh1t change. 

I wish we'd get some more guidance from PS here.......I would bet it would go a LOOOOOONG way for most.

abctax55
Level 15
January 26, 2022

That's why I tagged

@1569 & 

@IntuitBettyJo 

The silence, again, is deafening.

 

HumanKind... Be Both
Intuit Community Champion
January 26, 2022

Im not sure they understand how helpful any info would be unless the higher ups are telling them to let us hang in the wind. 

I have not seen @IntuitBettyJo in some time. Gabi may be the only one here with us. 

qbteachmt
Level 15
January 26, 2022

This seems to be the nonoperative phrase: "and that we are just suppose to remeber the amount and put it on schedule 1 as other income."

That's what one person proposes. That's not in any instructions.

If you go back to prior years, there is nothing different about Form 8915-D or -C or -B that you would expect in 2021, so why do so many people have this anxiety and think something different, overlooked, or specifically manual will need to happen for the 8915-F?

People: Let the IRS get the form finalized, and let the programmers figure out how it fits into the software. It isn't only the -F. Slow your roll.

Don't yell at us; we're volunteers
rcooley25Author
Level 7
January 26, 2022

Beats the hell out of me.

IRonMaN
Level 15
January 26, 2022

"From the other post (which you locked)"

Why was that locked?

I don't know about anybody else but I am tired of form 8915F, 2210, Intuit, the IRS, cold weather.  I guess I'm just tired.  I'm going to take a nice long nap.  If someone could wake me when the software is actually ready to roll in March or whenever, I would appreciate it.😴

Slava Ukraini!
rcooley25Author
Level 7
January 26, 2022

I will see that you are woke up. Have a nice nap.