Question

Can't efile because of QBI Rental Real Estate Enterprise Statement

Forum|Forum|5 years ago
June 30, 2020
4 replies
0 views

I have several rental properties that I have to aggregate under the QBI Safe Harbor allowance, since this is the only way for me to satisfy the record-keeping requirements as I don't spend enough time on each property by itself. However, when I do my federal review, I get the message that I have to file a paper return because I "have QBI Rental Real Estate Enterprise Statement" that is not supported by TurboTax for e-filing.

I seem to recall some other threads (which I can no longer find) where a TT expert said there might be an update which would allow attachment of a signed .pdf and therefore the ability to e-file? I'm wondering if anyone knows if there is such a possibility, or if I should just resign myself to the immense hassle of printing 100 pages and mailing them, as the deadline is fast approaching.

Thanks for any feedback or suggestions!

DavidS127

No, there is no information available to me that indicates or suggests that e-filing the Rental Real Estate Enterprise "safe harbor" statement will be supported by 7/15/2020. Returns with this attachment are print and mail only.

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D

David Zhu

I do not understand why Turbotax and IRS can not work together to fix this bug to allow for digital sign the form, the whole point of using Turbotax is that I can do efile and I do not need to print and mail the forms. If I can not do it what is the point of buying Turbotax! I want my money back.

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honemAuthor

I agree with you, David. Time to find a different product or means of filing our returns next year. Although we have been loyal TurboTax customers, this year we have had one problem after another, requiring more time to fix the problems than it would have taken to fill out the returns in the first place! And now, not even being able to file electronically? Absolutely ridiculous.

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ml247

Yes, this is unfortunate that TT did this for me also, so I need to mail a paper return. You can try deleting that SH stmt, although I did that, and it took away my Q business deduction for that property. I have other businesses also, although that is the only one that TT made me fill out a SH stmt for! TT should upload that form and have you sign electronically for it, then allow the e filing

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rayalink

An idea would be to not take the QBI deduction for rental properties and then e-file your return. After it's been accepted you could wait a month or so and then file an amended return (which should only be a few pages) and take the QBI deduction. Clearly you lose some time value of money and it flags the QBI issue, but it may be better than printing off tons of forms and mailing the original return.

Just a thought - any comments on this idea?

MaryM428

Taking the QBI Safe Harbor does still require you to print and mail the return. TurboTax does not have e-file available for that option.

What can I expense or depreciate with the business safe harbor election?

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jfc650

TT still has not fixed this issue for year 2020 return. It requires me to print out and mail the documents.

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Bao_CA

My workaround is to select QBI only. Do not select Safe Habor/QBI.

Once I de-select Safe Habor, then selecting QBI, I was able to efile. Make sure to check for saving differences between Safe Habor and QBI only.

Good luck.

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honemAuthor

I'm very interested in this potential solution. Can you give more specifics about where you were able to de-select Safe Harbor, then select QBI? I can't figure out how to do this.