WE NEED A QUERY FOR 8915-E IN PROSERIES 2020 BECAUSE IT DOES'NT TELL US THE CLIENTS HAD IT ON TRANSFER TO 2021

Forum|Forum|4 years ago
February 12, 2022
13 replies
58 views

WE NEED A QUERY FOR 8915-E IN PROSERIES 2020 BECAUSE IT DOES'NT TELL US THE CLIENTS HAD IT ON TRANSFER TO 2021. INTUIT SHOULD PUT UP A NOTICE OR TRANSFER THE 8915-E OR CREATE A PLACE HOLDER THE 8915-F ON A CLIENT TRANSFER TO 2021. SO WE KNOW THE CLIENT HAD THE FORM LAST YEAR.

ProSeries Professional

This topic has been closed for replies.

T

TaxGuyBill

There have been several requests for a query, but I don't understand it.

Aren't you reviewing the prior year tax return anyways? Assuming that you do, when you see there was a retirement distribution reported last year, that should trigger you to look if there was a 8915.

J

jeffmcpa2010

Level 10

You don't need a query, you need to make note's in you clients files.

Also it helps If you STOP YELLING

W

WTSAbeAuthor

Level 4

I have 500 clients. The Coronavirus Disaster 3 year option was a one time thing. Other software companies prompt their users when they had 8915-E last year on a client transfer and told them about the delay in the 8915-F but of course Proseries wouldn't provide that simple notification. Just like other software companies can e-file 8396 right now but Proseries can't until 03/03/2022 which cost me a client.

IRonMaN

Level 15

I just completed my query and came up with zero clients. The clients that pulled out the cash all had adequate withholding so we didn't go that route for anyone. If they had the cash paid in, it didn't make any sense dragging it out for 2 extra years when they might not have the cash. I guess I can be called stupid for not deferring those tax dollars for my clients, but life sure is a lot easier for me this tax season than it is for a number of other preparers.

Slava Ukraini!

W

WTSAbeAuthor

Level 4

@IRonMaN I had clients that withdrew large amounts like 30k-50k. The word got out at one of the companies in my area and **bleep** near everybody was getting some of their money. In many cases it saved them thousands of dollars to spread it out over 3 years.

H

holodeck

Level 3

YES!

Sign up

Login with SSO

Let's get you signed in

Login with SSO