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Level 4
January 12, 2021
Question

Form 5471 rollover from 2019 to 2020 (current complete lack thereof)

  • January 12, 2021
  • 3 replies
  • 0 views

I installed the 2020 Proseries and transferred 2019 returns, and was horrified to find that 2019 Form 5471 data is not being transferred to 2020 returns, absolutely nothing. This means I'll have to re-input tons of information. Does anyone know whether Intuit plans to implement roll-forward of Form 5471 data?

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3 replies

Just-Lisa-Now-
Intuit Community Champion
January 12, 2021

Every year there seems to some kind of glitch with early transfers, did you transfer that file in today or did you transfer files in back in December? 

If this was an early transfer, you could try to delete the file and transfer back in today, see if it rolls forward.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
LesEdyAuthor
Level 4
January 12, 2021

I did the transfers today, Jan 11, 2021 (I hadn't even installed the software until today).

Just-Lisa-Now-
Intuit Community Champion
January 12, 2021
ok, so thats not it....I'll flag this post for the moderators to add into the"bug" list.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 8
January 12, 2021

Is this in 1040? Or something else? Just trying to route it to the right place.

LesEdyAuthor
Level 4
January 13, 2021

This is in Proseries Professional Form 1040. Thank you.

LesEdyAuthor
Level 4
January 21, 2021

To anyone reading this thread, in a different but similar thread, an Intuit employee posted this answer:

 

Employee
 
 

The year-to-year converter issues with Form 5471 and Form 8621 are noted and the development team estimates a fix by the end of the month.