You won't be penalized by the IRS because the IRS is holding you up!! Just a FYI, TurboTax has to work with the IRS when programming software for new deductions. TurboTax cannot correct this problem until the IRS has finalized the forms. IRS has been busy with the Stimulus program and is now gearing up in the tax refund and processing area. We do not have a date and are waiting also. Once the forms have been finalized, TurboTax will upgrade software, after all, the systems must be able to communicate to translate the tax information received. I do appreciate your patience!
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