IRS Rejects F1040-439 and F1040-440 – Qualified Business Income Deduction

by | Jan 15, 2019 | IRS

Qualified Business Income Deduction

IRS REJECTS F1040-439 & F1040-440

The IRS has issued guidance on Rejects F1040-439, F1040-440, F1040NR-439 and F1040NR-440.

Due to rounding, the IRS Rejects were applied to some returns containing the Qualified Business Income Deduction. The IRS is implementing a fix to allow for a $1 rounding variance and hopes to have it implemented on 1/20/2019. If they are unable to release the fix by 1/20/2019, it should be implemented on 1/27/2019, prior to the official start of e-File.

If our Programmers are able to resend the returns containing these rejects, they will re-transmit them.

If our Programmers are not able to resend the returns containing these rejects, we will let you know that you will need to re-transmit the returns.

Please Note: If you transmit any new returns containing the Qualified Business Income Deduction or attempt to re-transmit a rejected return that contains the Qualified Business Income Deduction before the IRS releases the fix, the return will most likely be rejected by the IRS due to this error.

As soon as we receive more information on this we will be sure to update you!