Level 3

Solved

Form 8915-E Not Transferring to 2021 ProSeries

Forum|Forum|4 years ago
December 28, 2021
5 replies
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I was recently reviewing our PS program on a client who we elected the Covid relief on Form 1099-R with the three year taxable spread. I do not see where this election is flowing over to the current year 2021 tax program. Is anyone else having this problem? Are we going to have to manually enter these or was there a glitch in the program when transferring?

ProSeries Professional

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Best answer by Just-Lisa-Now-

that form wont be ready for Efiling until the end of February, so it may not be fully functioning until closer to that date. I wouldn't transfer any of those clients into 2021 yet.

IRonMaN

Level 15

2021 is still in its infancy. Give it a little more time to see if it sprouts some 2021 arms and legs. Right now the program is pretty much the 2020 program that is working out to be a 2021 program.

Slava Ukraini!

IRonMaN

Level 15

As a side note, you really shouldn't transfer this early. If they do update the program, you may have shot yourself in the foot if they do add that touch to the program. Personally, I would delete what you have already transferred and wait a bit longer before you roll those files over.

Slava Ukraini!

M

michelleloperAuthor

Level 3

Thanks. We did only transfer some just to see what things were looking like in the program. I had a feeling some items were not going to be there. I had my fingers crossed that things would be better than last year, but oh well. Will just have to make note of some of these and not prepare them until the forms become available for an update.

IRonMaN

Level 15

You betcha!

Slava Ukraini!

Just-Lisa-Now-

Answer

Intuit Community Champion

that form wont be ready for Efiling until the end of February, so it may not be fully functioning until closer to that date. I wouldn't transfer any of those clients into 2021 yet.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

K

Khang

Level 2

It's passed mid-February, but the software still does not transfer to coronavirus 401K... distribution from 2020 to 2021. Anyone knows the solution to this? Why hasn't proseries post any answer to this question?

Thanks

IRonMaN

Level 15

Yes - wait until the form is ready in late March.

Slava Ukraini!

C

clhunt

Level 3

So the 8815-E is not ready. But why is there not an alert to us that we have an outstanding issue? I almost filed a return tonight before I happened to remember this client had done the Covid relief three year spread. Nothing; no reminder, no warning nothing. I count on ProSeries for this kind of carryover information. This is not acceptable. Why is this not in the first release, let alone the mid February releases? This was a known need for 2021 returns. There should be an alert.. A reminder, a big red flag!

IRonMaN

Level 15

"Nothing; no reminder, no warning nothing"

But that's why folks pay you the big bucks to properly document those things. The software should be looked at as a crutch in helping you prepare returns. It shouldn't be viewed as life support.

Slava Ukraini!

C

clhunt

Level 3

But I pay PS a hell of a lot more for correct and complete software. If they can carryover the $2 NOL for years this should be a no brainer. The First Time Homebuyer credit carried over for years. The Energy credit carries over for lifetimes. Sorry, but I disagree, I am saying a flag would have been appreciated. Maybe they have spoiled us, but isn't that part of the perks of using the same software for twenty years?

P

PGiselaR

Level 2

Although it says: "Solved! Go to solution". I did not find the solution by reading all the comments. Anyhow, this is what I did:

From top menu I clicked on "Where do I enter?" I typed in: "Qualified Disaster Retirement Plan Distributions". I was given the option to click in: "Form 8915-E Wks". Once in this page, I scrolled down to line 12 and entered the amount as indicated. After this, PS did its job.

Don't blame the software when the government is not even ready. Give them a break.

Paula Gisela

qbteachmt

Level 15

The Solution is the answer in the Box.

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