March 16, 2021  

IRS ‘Free File Fillable Forms’ For 2021 (i.e., 2020 Tax Year) AGAIN Has A Negative Number Error In ‘Schedule D’ — Precludes eFile.

by Anura Guruge

Click to ENLARGE.

Click image to access THIS post about last year’s Schedule D negative number error. This year’s is A SHOW STOPPER!

PANIC. This error is a SHOW STOPPER.

If you have to report short-term capital gain LOSSES on your Schedule D you are SCREWED.

‘Free File Fillable Forms‘ will NOT accept a negative number in column (d), i.e., Proceeds (sales prices). Yes, proceeds can be NEGATIVE. Smile. It can even be quite a BIG negative number. The IRS allows you to enter NEGATIVE numbers in these columns. You enter them in parenthesis.

Click to ENLARGE. Straight from the IRS. Schedule D instructions.

FFFF does NOT let you enter parenthesis. But, it lets you enter a NEGATIVE number with a MINUS in front.

The problem is that the eFile XML checker has an ERROR. I hate XML. Can’t believe that they still use XML. XML is a bloody joke.

Well, you have to print the return & mail it. This will be the SECOND time eFile has not worked with FFFF.

Related Posts:
Search ‘Free Fillable’.

by Anura Guruge

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About Anura Guruge

See 'The Blogger' on my https://nhlifefree.com/ blog.

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