Mike D Posted February 1, 2012 Report Share Posted February 1, 2012 This is the new location for all of us to post our issues to for Ryan to easily get to all at once. Again please use your professional jugdement in determining if your post is something that belongs here. Mike Dubin CPA Quote Link to comment Share on other sites More sharing options...
Kea Posted February 3, 2012 Report Share Posted February 3, 2012 OK, I guess I'll start. I'm not sure if this is an issue with TaxWorks or just the TRX version or if it's will change after an update. I'm working on a Sch F for a Form 1065 (partnership). I'm entering the info for a 1099G (government insurance payment) that goes to line 4a (of the Sch F). 1099G is typed next to the input box, but it's black -- not blue and underlined. The help screen says to enter the info on the 1099G link and it will feed to this line. But... no link. Can't find 1099G in the list of forms, either. I noticed the same thing above for the 1099K, but I'm not trying to use that line. I can input the figures in the 4a and 4b boxes, but I thought all the 1099G info went to IRS in an e-file (like with W2s). Should there be "real" links for these 1099s? TRX support just said to enter the info directly on the forms. No problem. Just curious if the 1099 input screen were supposed to be there? Thanks Quote Link to comment Share on other sites More sharing options...
Crank Posted February 15, 2012 Report Share Posted February 15, 2012 Issue with 1099R, code 4 and form 8606 where Taxpayer & Spouse had prior years (before 2011) nondeductible IRA contributions with an entry only on line #2. TP & Spouse had no current year Nondeductible IRA contributions and therefore no entry on line #1 of form 8606. 1099R should be fully taxable and reported on line 15b. However, an incorrect taxable portion is being calculated on form 8606 based upon the nondeductible IRA contributions. This is a beneficiary IRA, not a traditional IRA. This issue was correct in 2010 and in 2011 up until an update on or about February 7th, subsequent updates have changed the 8606 calculations and the taxable portion of the 1099R but it remains incorrect. TRX was notified of this issue on about February 8th and responded that it was a known issue with RegGear and would be addressed with the update on February 14th. This update changed the 8606 calculations but it remains incorrect. Also, the return has been locked and as of the February 14th update the return does not display at all in review mode. In review mode only an icon appears but no form names. If you click on a line where the form name should be listed the program gives an error. Trying to print in review mode also gives a print failed error. Quote Link to comment Share on other sites More sharing options...
Crank Posted February 27, 2012 Report Share Posted February 27, 2012 Im beginning to wonder if Ryan is monitoring this thread. My issue remains outstanding. I also contacted TRX several times about tis issue and they were supposed to contact RedGear to resolve it. So far its been weeks and nothing has been addressed. Quote Link to comment Share on other sites More sharing options...
Mike D Posted February 27, 2012 Author Report Share Posted February 27, 2012 I just emailed Ryan for his assistance. You should bear in mind that he is not obligated to monitor this board and/or provide any support as we have not purchased the software from Red Gear directly! That being said we need to be a bit more tolerant and thankful that he will assist us in time. I am certain that he will oblige! Mike Dubin CPA Quote Link to comment Share on other sites More sharing options...
Crank Posted February 27, 2012 Report Share Posted February 27, 2012 Thanks Mike. I dont believe my post appeared as intolerant. I was just making an observation that I didnt think Ryan has read the thread. I fully understand that he's under no obligation and I am thankful for any assistance which he can provide. Quote Link to comment Share on other sites More sharing options...
Mike D Posted February 28, 2012 Author Report Share Posted February 28, 2012 I received an email from Ryan who was out of town recently and he indicated that he would be visiting this board within the next 24 to 48 hours. Mike Dubin CPA Quote Link to comment Share on other sites More sharing options...
Kea Posted March 2, 2012 Report Share Posted March 2, 2012 Another change on the Form 8606. Client converted Traditional IRA to Roth in 2010. 1/2 to be taxed on the 2011 return. It shows on the 8606 properly but no longer carries back to the 1040. It carried over yesterday. I added one small royalty to the return and they went from owing $1000 to getting a $2000 refund. Big change in the wrong direction for adding $400 to income. Software did update today, but the only things I noticed for the update were state forms. But I didn't look at the list very closely. (This is also on the 8606 thread.) Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.