Carryover of prorated portion from 2020 retirment distribution in 2021

Forum|Forum|4 years ago
February 23, 2022
4 replies
19 views

I have a client who qualified with 8915-E for coronavirus distribution from retirement account and therefore the amount is prorated 3 years - 2020, 2021 and 2022. How is that to be reported on the 2021 return? Was ProSeries suppose to carry this forward? It did not.

Is there a work around without overriding the program?

ProSeries Professional

This topic has been closed for replies.

dascpa

Level 11

Please refer to the zillion of similar posts on this subject. March 31st the form is supposed to be out.

R

rcooley25

Level 7

Do the post only total a zillion?

IRonMaN

Level 15

8915F

1,111,111,111,111,112

Slava Ukraini!

F

Frustrated-in-IL

Level 8

I need to check to see who won on the poll question. Might have been IRonMaN.

T

Tax Man Tan

Level 5

No, no workaround. Proseries SUCKS, and is the ONLY software to not xfer the info. From what I've heard both Drake and Lacerte have draft 8915F's, and the data has transferred. Proseries, JOKE of a software does not. Drakes had it since January, and Lacerte's had it for a few weeks now. All you can do is check each client, or create a custom view to show those with taxable IRA/pension distributions, and then go manually add the amount in, but you can't file until the form itself finalizes with the IRS. A company that cared about it's clients probably would have sent out notifications to alert them that this MAJOR issue was arising, but PROSERIES gives no mind or consideration to this facet of it's revenue stream. They do not care about the preparer's that much is evident. If you call you cannot talk to a supervisor, and the rep's have no idea what's going on. The whole company has went into the toilet! It'll be our last year using this crap software. Good luck to you!

IRonMaN

Level 15

"A company that cared about it's clients probably would have sent out notifications to alert them that this MAJOR issue was arising,"

To be fair to Intuit, I believe every ProSeries user that needs to the form has posted here (at least based on the number of posts), so who would be left for them to notify?

Slava Ukraini!

T

Tax Man Tan

Level 5

I know quite a few "older," CPA's who would never in a million years look at any of these forums, nor do they even know it exists. It's not our obligations as users to read these forums. It's Proseries obligation as a software provider to inform us of their every increasing inefficiencies.

R

rcooley25

Level 7

You will need to file form 8915F which will not be in our software untill March 31st. That right. Two weeks before the end of the tax season.