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March 4, 2021
Question

Hi, how to fix a return with "Reject Code FED_Taxable_Inherited" ? I am using the online version

  • March 4, 2021
  • 1 reply
  • 0 views
Ive got the additional info while opening the error
Description of error:
There is a potential issue with the calculation of your Taxable Inherited IRA.
What needs to be done:
There is a known issue with the federal return that has been addressed in a software update. Please update your software to the latest version. After applying the update, make any applicable changes if necessary, and re-transmit the return. Note: The calculation change may affect the taxpayer's refund.

1 reply

Employee
March 4, 2021

That issue is supposed to be fixed March 5. After that date update your program and refile. 

March 4, 2021

This is a duplicate thread.  Many many people have this issue now.

 

There is a long thread on this, and hundreds of people commenting on the issue at:
https://ttlc.intuit.com/community/taxes/discussion/my-return-was-rejected-due-to-fed-taxable-inherited-ira-but-i-did-not-inherit-an-ira/00/1996667