I transferred a client that will be reporting 1/3 of her 2020 distribution. Does the amount that is taxable in 2021 automatically transfer to the 2021 tax return?
I just noticed the same for some of my clients, I was really hoping this was going to roll over in the software. I just completed the return and all the updates are in my software. Id love to know if they are going to fix this!
The 8915-F is not ready yet in any case.
ProSeries should have had the 8915 ready to go a lot sooner. For goodness sake, we knew 1/3rd would be reported for 2022 and 2023 as well.
The IRS only issued the Final form within the last week.
I find it crazy to think ProSeries should have had the form ready by now. Especially for a form which will be used on only a very small minority of actual tax returns filed.
But they could have had a draft out there like other software companies. It would have shaved off a few of the posts that have shown up here. I’m just glad I don’t have any clients that need the form. But I do have clients that will need forms 2210 and 7203 so they do have more work to get done before they can take a break and pat themselves on the back for getting things done.
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