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February 10, 2023
Question

This return cannot be electronically filed due to a processing error on Form 8960, This issue will be resolved in late February mid March. Is this IRS or Turbo Tax?

  • February 10, 2023
  • 1 reply
  • 0 views
If Form 8960, 'NetRentalIncomeOrLossAmt' has a non-zero value, then it must be equal to Schedule 1 (Form 1040), 'RentalRealEstateIncomeLossAmt' unless all of the following conditions are true: 1) Filing status of the return is Married filing jointly or Qualifying widow(er) and 2) Form 8960, checkboxes 'Section6013gInd' and 'Section6013hInd' are not checked and 3) Form 8960, 'FilingThresholdAmt' equals 125000.

1 reply

HopeS
February 10, 2023

Please clarify your question.

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