Was the exclusion for 2017 canceled debt renewed on 2/9/18? Accountant friend posted info from the IRS this morning and confirmed it, but TurboTax hasn't made an update.

biencalabro — Tue, 04 Jun 2019 20:18:32 GMT

The mortgage debt exclusion has been extended. It will ta...

SamiaI — Tue, 04 Jun 2019 20:18:33 GMT

The mortgage debt exclusion has been extended. It will take some time since the spending bill has just been passed and signed into law. The IRS and tax preparation software companies have to change various forms, schedules, worksheets and calculations to apply the changes. It may take a few weeks before anything is finalized at the IRS and with the TurboTax software which must also be approved by the IRS after they have completed their own changes.

You can visit IRS website to get more information:

https://www.irs.gov/newsroom/irs-statement-on-retroactive-extender-provisions

See the TurboTax support FAQ below for information:

https://ttlc.intuit.com/questions/4241639-tax-relief-the-bipartisan-budget-act-of-2018

Thank you for the update!

biencalabro — Tue, 04 Jun 2019 20:18:34 GMT

Thank you for the update!

topic Was the exclusion for 2017 canceled debt renewed on 2/9/18? Accountant friend posted info from the IRS this morning and confirmed it, but TurboTax hasn't made an update. in Get your taxes done using TurboTax

Was the exclusion for 2017 canceled debt renewed on 2/9/18? Accountant friend posted info from the IRS this morning and confirmed it, but TurboTax hasn't made an update.

The mortgage debt exclusion has been extended. It will ta...

Thank you for the update!