1099-Q QTP to Roth error

[jkfmsi]

Any idea when the program will update to allow filing of 1099-Q that has QTP to Roth transfer? I cannot seem to find anything under forms availability. Thanks!

[Just-Lisa-Now-]

I know the box gives an error but does it do the math right down below?  If the math is right, Id just turn off error checking at conversion and roll with it as is.

[jkfmsi]

No. The math is wrong as well 😞

[Just-Lisa-Now-]

@Kathi_at_Intuit  any info on this?   Its been several weeks since its been reported.

[TaxGuyBill]

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@jkfmsi wrote:

Any idea when the program will update to allow filing of 1099-Q that has QTP to Roth transfer? I cannot seem to find anything under forms availability. Thanks!

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What are you expecting that checkbox to do?

It is a qualified rollover that will be tax-free?

What seems to be wrong with the math?

[IntuitKate]

Hi @jkfmsi  I've sent you a personal message. Check it out and follow the steps listed there.  

[amy2]

Could you also send me the steps? Thanks

[TaxGuyBill]

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@IntuitKate wrote:

 I've sent you a personal message. Check it out and follow the steps listed there.  

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Is there a reason why you aren't posting the help publicly?  Part of the reason for an online forum is so when other people encounter the same problem that they can see the solution.  Hiding things seems suspicious. 

[jkfmsi]

The file has been uploaded.  The error that shows says: "QTP to Roth IRA transfer - You have indicated this is a QTP to Roth IRA transfer. Our program has not updated to support this yet. Please check back later for updates."

[IntuitKate]

Hi @jkfmsi Thank you for uploading the file. Our team is looking into this.  

[IntuitKate]

Hi @jkfmsi and @amy2 After looking into this, it has been reported and updates will be sent via email. 

[quigs]

May I please have the updates sent to my email also? I get the same update message for the QTP to Roth block. Thank you

[IntuitKate]

Hi @quigs I've added you to the list as well. 

[megan]

Hi Can I get that file as well? I have several of these. I'm surprised it's not being included in a full update release.

[Kathi_at_Intuit]

Hi @megan Thanks for joining the conversation. Just to clarify, there's no file available for this issue. Our Development team is currently working on a resolution, and the issue has already been reported to them. You will receive updates via email as soon as new information becomes available.

[ajp]

Could you send me the steps too? I have been waiting for weeks for the "update" and finally decided to check this group. 

[Kathi_at_Intuit]

Hi @ajp great to see you in the Community and thanks for posting! There's no steps available for this issue. Our Development team is currently working on a resolution, and the issue has already been reported to them. You will receive updates via email as soon as new information becomes available.

[cantontaxgroup]

Yes. Me too. It just doesn't seem like it should be a difficult fix.

I have several clients for whom I cannot E-file. I gave them their copies and computed the taxes by temporarily showing the distributions as rollovers to another 529 plan

[KarenWCPA]

I am also getting this error and tax computation is incorrect.  I would like to be alerted when this is fixed.  Thank you.

[beanctr72]

I’m having the same issue. Please add me to any updates on this. 

[Kathi_at_Intuit]

Hello! Anyone that has asked to be added to the report has been. You will receive updates via email when there is one. 

[AmyC1]

Please add me to the list to receive an email when this update is available.  Thanks in advance!

[Kathi_at_Intuit]

@AmyC1 Done and welcome!

[J4mn4]

Could you please send me the steps as well?

[IntuitKate]

@J4mn4  I've added you as well. 

[regan]

Can you add me as well? Thanks.

[IntuitKate]

Hi @regan I've added you as well. 

[dsacpa]

Can I be added to email notification of the program update required. Thanks.

[IntuitKate]

Hi @dsacpa, I've added you as well. 

[syfreeman]

I would like to be added as well for the QTP to Roth IRA error.

Thank you.

[Kathi_at_Intuit]

Hi @syfreeman Done and welcome!

[J4mn4]

Good morning, I would like to respectfully request an urgent update on this. As I can see on this thread several people are still waiting on this update and today is March 24. Do you have any ETA?

Thank you

[JFK43]

I need added to this fix waiting on it for several clients. 

[jaiken]

I would like to also be added to the email list for the issue. I have a few clients waiting on the fix so we can file their return. 

[Amanda44]

Can you add me to the list as well?

[IntuitKatie]

@jaiken and @Amanda44 You have been added, thanks!

[IntuitKatie]

Hello @jkfmsi !
Can you confirm this has been addressed in the most recent update? Thanks!

[megan]

Hello, the federal is fixed but NJ has not been fixed...

[jkfmsi]

This does appear to be fixed for us. Thank you!!!

[IntuitKatie]

@jkfmsi That is great!

@megan We would ask that you please connect with ProSeries Support as they would need more information and can troubleshoot with you.

[generator]

Please add me to the list to receive an email when this update for 1099Q-to-Roth transfer is available.  I also have a client waiting to file his return.  So far, I've installed the updates and still get the error message.  Thanks in advance!

[cindy40362]

Please add me to the list of notifictions,  We have a client return on hold and down to a few weeks left. 

[IntuitKatie]

@generator and @cindy40362 The release went out for Federal. Please make sure you are using the most updated version of the program. Here is a knowledge base on How to update ProSeries software. If you are still having an issue we would ask that you please reach out to ProSeries Support.

[J4mn4]

Thank you for the update. While the federal is now ok, I have an issue still on this for New Jersey. Any idea when I can finally finalize this returns on hold?

[megan]

Hi @J4mn4 I called in the other day about NJ. After an hour and a half, the answer I received is they are still looking into this. No idea when it will be ready.