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H&R Block 8995-A delayed until March 2020

Posted: Fri Feb 07, 2020 3:01 pm
by prd1982
Just saw that H&R Block delayed the final 8995-A (QBI) forms until 3/5/2020 on Windows, and 3/12/2020 on Mac. Also, as others have reported, H&R Block doesn't handle the QBI on 1099-DIVs using the 8995 Simplified Computation, even though it says the form is final.

Obviously H&R Block is having problems coding this form.

Re: H&R Block 8995-A delayed until March 2020

Posted: Fri Feb 07, 2020 11:03 pm
by Lyrrad
TurboTax has also been pushing back the release date.

I think they're waiting on the IRS to release the final Form 8995-A instructions, which still have not yet been released.

Re: H&R Block 8995-A delayed until March 2020

Posted: Fri Feb 07, 2020 11:05 pm
by bikechuck
prd1982 wrote:
Fri Feb 07, 2020 3:01 pm
Just saw that H&R Block delayed the final 8995-A (QBI) forms until 3/5/2020 on Windows, and 3/12/2020 on Mac. Also, as others have reported, H&R Block doesn't handle the QBI on 1099-DIVs using the 8995 Simplified Computation, even though it says the form is final.

Obviously H&R Block is having problems coding this form.
What is QBI?

Re: H&R Block 8995-A delayed until March 2020

Posted: Fri Feb 07, 2020 11:07 pm
by jj
Qualified Business Income

Re: H&R Block 8995-A delayed until March 2020

Posted: Sat Feb 08, 2020 8:53 am
by prd1982
bikechuck wrote:
Fri Feb 07, 2020 11:05 pm
What is QBI?
As jj said, QBI is Qualified Business Income.

But this year it affects a lot of people who don't think of themselves as having Business Income. Many funds invest in REITS (real estate). This year the 1099-DIV has box 5 for Section 199A dividends. This is QBI. Forms 8995 and 8995-A are used to calculate the tax reduction from this QBI.

Re: H&R Block 8995-A delayed until March 2020

Posted: Tue Feb 11, 2020 11:16 pm
by Lyrrad
Lyrrad wrote:
Fri Feb 07, 2020 11:03 pm
TurboTax has also been pushing back the release date.

I think they're waiting on the IRS to release the final Form 8995-A instructions, which still have not yet been released.
I noticed that TaxAct listed the form as supported and I was able to (re-do) my taxes and efile this evening. It's slightly frustrating that I had to switch software in order to file earlier, though I was able to get the refund amounts to match exactly with the H&R Block software.

Re: H&R Block 8995-A delayed until March 2020

Posted: Wed Feb 12, 2020 8:06 am
by prd1982
Lyrrad wrote:
Tue Feb 11, 2020 11:16 pm
It's slightly frustrating that I had to switch software in order to file earlier, though I was able to get the refund amounts to match exactly with the H&R Block software.
When I use H&R desktop, the 8995-A form doesn't indicate any QBI deduction. Since TaxAct got the same refund as H&R Block, are you sure you got the QBI deduction? It would be on line 10 of the 1040.

Re: H&R Block 8995-A delayed until March 2020

Posted: Wed Feb 12, 2020 10:24 am
by rkhusky
I chose not to file form 8995 since it was only going to save me $8 in taxes.

Re: H&R Block 8995-A delayed until March 2020

Posted: Wed Feb 12, 2020 3:19 pm
by Lyrrad
prd1982 wrote:
Wed Feb 12, 2020 8:06 am

When I use H&R desktop, the 8995-A form doesn't indicate any QBI deduction. Since TaxAct got the same refund as H&R Block, are you sure you got the QBI deduction? It would be on line 10 of the 1040.
Yeah. I think both tax software filled out the form the same way.

Re: H&R Block 8995-A delayed until March 2020

Posted: Wed Feb 12, 2020 10:20 pm
by Lyrrad
Lyrrad wrote:
Fri Feb 07, 2020 11:03 pm
TurboTax has also been pushing back the release date.

I think they're waiting on the IRS to release the final Form 8995-A instructions, which still have not yet been released.
The final instructions were posted yesterday on the IRS site. Presumably this means the form release dates won’t be pushed back further.

Re: H&R Block 8995-A delayed until March 2020

Posted: Wed Feb 12, 2020 10:30 pm
by luap
TurboTax is currently showing Feb 20 for the ability to e-FIle Form 8995-A; you can check this link...

https://care-cdn.prodsupportsite.a.intu ... idual.html

Re: H&R Block 8995-A delayed until March 2020

Posted: Fri Feb 14, 2020 2:21 pm
by prd1982
H&R Block just updated their desktop software, and the QBI deduction is now working for folks who can use the 8995 form. Those needing the 8995-A form have to wait until March 5.

Wonder if H&R Block will notify folks you submitted their forms via eFiling, and did not get the QBI deduction because H&R Block was not crediting the deduction until this release?

Re: H&R Block 8995-A delayed until March 2020

Posted: Fri Feb 14, 2020 2:51 pm
by nalor511
Confirmed HRB Win Desktop 8995 successfully computes QBI. Saved me a while $1 in taxes. Yay.

Re: H&R Block 8995-A delayed until March 2020

Posted: Fri Feb 14, 2020 4:34 pm
by Grogs
prd1982 wrote:
Fri Feb 14, 2020 2:21 pm
H&R Block just updated their desktop software, and the QBI deduction is now working for folks who can use the 8995 form. Those needing the 8995-A form have to wait until March 5.

Wonder if H&R Block will notify folks you submitted their forms via eFiling, and did not get the QBI deduction because H&R Block was not crediting the deduction until this release?
Awesome, thanks. I pulled up my return after the software update and verified everything with the 8995 was working as expected now. That was the last piece that I was missing so I went ahead and e-filed.

Re: H&R Block 8995-A delayed until March 2020

Posted: Tue Feb 18, 2020 7:57 pm
by patristo
I encountered a clear formula computation bug with Form 8995 in the latest H&R Block update.

According to the text, line 4 is supposed to be the sum of lines 2 and 3.
Mine is not.

In my particular case, Line 2 is a positive number and Line 3 is 0 so Line 4 should be the same as Line 2. Not a hard computation. But it appears H&R Block didn't code the Line 4 formula correctly, because in my case Line 4 is a little more than half the value of Line 2.

Any tax software out there that gets this form right?

Re: H&R Block 8995-A delayed until March 2020

Posted: Tue Feb 18, 2020 10:37 pm
by patristo
Expanding upon my previous post, I think I've figured out where H&R Block is getting its value for Form 8995 line 4.

Instead of adding together line 2 and line 3, it's getting it by adding together lines 2 and 3 and then subtracting line 22 of Schedule 1.

The text clearly states that line 4 should be derived from adding lines 2 and 3. So, I guess the question is: Is the text wrong or is H&R Block wrong?

Re: H&R Block 8995-A delayed until March 2020

Posted: Fri Feb 21, 2020 12:13 pm
by neilpilot
I used H&R Block Deluxe (Windows) prior to the 2/14/20 update that pushed out form 8995. Even though our 1099-DIVs included entries in line 5 for Section 199A dividends, the pre-updated software did not indicate an error or warning that I should delay filing pending release of the 8995 form. My filing was accepted by H&R Block and the IRS.

Today I updated the software and, with 8995 active, my tax due calculation was reduced by $15. Note that H&R Block used 8995, not 8995-A.

I would assume that other's may also not have received any errors or warnings. Most would probably not download subsequent software updates if they've already filed with the IRS. I'm not sure I'll bother filing a revised return for $15, but others in the same boat may be due larger sums and be unaware of this issue.

Re: H&R Block 8995-A delayed until March 2020

Posted: Mon Mar 02, 2020 4:45 pm
by prd1982
Just got the 3/2 update to H&R Block, and 8995-A working for me. The form shows that it is the final version.

Re: H&R Block 8995-A delayed until March 2020

Posted: Mon Mar 02, 2020 9:26 pm
by vtMaps
patristo wrote:
Tue Feb 18, 2020 10:37 pm
Expanding upon my previous post, I think I've figured out where H&R Block is getting its value for Form 8995 line 4.

Instead of adding together line 2 and line 3, it's getting it by adding together lines 2 and 3 and then subtracting line 22 of Schedule 1.

The text clearly states that line 4 should be derived from adding lines 2 and 3. So, I guess the question is: Is the text wrong or is H&R Block wrong?
I am seeing the same thing. I think the instructions for line 4 of Form 8995 are wrong. I think HR Block is correctly subtracting line 22 of Schedule 1.

--vtMaps

Re: H&R Block 8995-A delayed until March 2020

Posted: Mon Mar 02, 2020 10:36 pm
by EHEngineer
neilpilot wrote:
Fri Feb 21, 2020 12:13 pm
I used H&R Block Deluxe (Windows) prior to the 2/14/20 update that pushed out form 8995. Even though our 1099-DIVs included entries in line 5 for Section 199A dividends, the pre-updated software did not indicate an error or warning that I should delay filing pending release of the 8995 form. My filing was accepted by H&R Block and the IRS.

Today I updated the software and, with 8995 active, my tax due calculation was reduced by $15. Note that H&R Block used 8995, not 8995-A.

I would assume that other's may also not have received any errors or warnings. Most would probably not download subsequent software updates if they've already filed with the IRS. I'm not sure I'll bother filing a revised return for $15, but others in the same boat may be due larger sums and be unaware of this issue.
This seems like a good opportunity to test H&R Block's maximum refund guarantee https://www.hrblock.com/guarantees/
H&R Block wrote:Maximum Refund Guarantee

If you discover an error in the H&R Block tax preparation software that entitles you to a larger refund (or smaller liability), we will refund the software fees you paid to prepare that return and you may use our software to amend your return at no additional charge. To qualify for the H&R Block Maximum Refund Guarantee, the refund claim must be made during the calendar year in which the return was prepared and the larger refund or smaller tax liability must not be due to differences in data supplied or positions taken by you, your choice not to claim a deduction or credit, positions taken on your return that are contrary to law, or changes in federal or state tax laws after January 1, 2020, per H&R Block policy.

Re: H&R Block 8995-A delayed until March 2020

Posted: Tue Mar 03, 2020 3:52 am
by neilpilot
EHEngineer wrote:
Mon Mar 02, 2020 10:36 pm
neilpilot wrote:
Fri Feb 21, 2020 12:13 pm
I used H&R Block Deluxe (Windows) prior to the 2/14/20 update that pushed out form 8995. Even though our 1099-DIVs included entries in line 5 for Section 199A dividends, the pre-updated software did not indicate an error or warning that I should delay filing pending release of the 8995 form. My filing was accepted by H&R Block and the IRS.

Today I updated the software and, with 8995 active, my tax due calculation was reduced by $15. Note that H&R Block used 8995, not 8995-A.

I would assume that other's may also not have received any errors or warnings. Most would probably not download subsequent software updates if they've already filed with the IRS. I'm not sure I'll bother filing a revised return for $15, but others in the same boat may be due larger sums and be unaware of this issue.
This seems like a good opportunity to test H&R Block's maximum refund guarantee https://www.hrblock.com/guarantees/
H&R Block wrote:Maximum Refund Guarantee

If you discover an error in the H&R Block tax preparation software that entitles you to a larger refund (or smaller liability), we will refund the software fees you paid to prepare that return and you may use our software to amend your return at no additional charge. To qualify for the H&R Block Maximum Refund Guarantee, the refund claim must be made during the calendar year in which the return was prepared and the larger refund or smaller tax liability must not be due to differences in data supplied or positions taken by you, your choice not to claim a deduction or credit, positions taken on your return that are contrary to law, or changes in federal or state tax laws after January 1, 2020, per H&R Block policy.
In theory that guarantee looks good. In practice good luck trying to collect. How would you even go about making your claim?

Re: H&R Block 8995-A delayed until March 2020

Posted: Thu Mar 12, 2020 8:16 am
by vtMaps
patristo wrote:
Tue Feb 18, 2020 7:57 pm
I encountered a clear formula computation bug with Form 8995 in the latest H&R Block update.

According to the text, line 4 is supposed to be the sum of lines 2 and 3.
Mine is not.

In my particular case, Line 2 is a positive number and Line 3 is 0 so Line 4 should be the same as Line 2. Not a hard computation. But it appears H&R Block didn't code the Line 4 formula correctly, because in my case Line 4 is a little more than half the value of Line 2.

Any tax software out there that gets this form right?
It has been partially fixed in a recent software update. My comments here: viewtopic.php?f=2&t=305965&p=5085920#p5085920

--vtMaps