RayF
Level 2

Get your taxes done using TurboTax

NashayLO reply an hour ago said release note for updates would be removed and provided a link. The article is 9 pages long  https://ttlc.intuit.com/community/taxes/discussion/updates/00/978207/page/9 The last update by its Moderator was 2 weeks ago, directing us to links for IRS and State Form Availability.

 

This is no help as it doesn't tell me what changed. For example, I found a bug in TTax in calculating the tax credit for my Tesla. Step-by-Step for Deduction &  Credits has it under Cars and Other Things You Own, Energy-Efficient Vehicles. The step, Your Credit Results, ask you to enter the credit amount and has a link to Learn More. It in turn has a link to the IRS website for electric vehicles that says my credit has been reduced by 25% to $1,875. Entering $1,875 ends up on Form 8936. In turn it goes to Form 8936 (Copy 1) where it's reduced again by 25%.  So instead of $1,875, TTax reduced the credit to $469; a loss of $1,406!

 

I discussed this at length with support. The workaround is to enter $7,500 in Step-by-Step. Now when TTax fixes the issue it might recalculate my credit to be $7,500 causing an underpayment of $1,406.

 

How am I to know when the fix has been made? We have to have a way to know what changes are made in the latest and historic updates. Hopefully they'll email notification if it affects our return too.