Judy F
Returning Member

Have the $10,200 unemployment forms been updated?

Has Turbotax updated the forms for the $10,200 federal tax free unemployment compensation?  

If I had already entered the unemployment, do I need to re-inter it?

rjs
Level 15
Level 15

Deductions & credits

TurboTax Online has been updated for the $10,200 unemployment exclusion. The CD/Download TurboTax software has not yet been updated.


You do not have to reenter the unemployment. TurboTax will recalculate the tax return for the exclusion.

 

Judy F
Returning Member

Deductions & credits

I downloaded the Turbotax software to my PC.  Does that mean I have not received the update? Are those users who are strictly online the only ones who have received the update? 

I have clicked on Updates, and the message is my software if up to date.

rjs
Level 15
Level 15

Deductions & credits


@Judy F wrote:

I downloaded the Turbotax software to my PC.  Does that mean I have not received the update? Are those users who are strictly online the only ones who have received the update? 

I have clicked on Updates, and the message is my software if up to date.


Yes, that's what it means. Only TurboTax Online has been updated for the unemployment exclusion. The downloaded software has not been. You have the latest update that is available, but the update for the unemployment exclusion is not available as of this moment.

 

Judy F
Returning Member

Deductions & credits

Any estimate as to when the PC download users update will be available?

rjs
Level 15
Level 15

Deductions & credits

TurboTax has not given a date for the update.