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bjboyd415
New Member

Will TurboTax be updated with the rollback of the Mortgage Forgiveness information recently passed - if so, when?

 
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DoninGA
Level 15

Will TurboTax be updated with the rollback of the Mortgage Forgiveness information recently passed - if so, when?

Since the spending bill with the tax extenders has just been passed and signed into law, both the IRS and tax preparation software companies have to change various forms, schedules, worksheets and calculations to conform with the extenders in the bill.  It will be several 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 system configurations.

Go to this IRS website for information - https://www.irs.gov/newsroom/irs-statement-on-retroactive-extender-provisions

See this TurboTax support FAQ for information - https://ttlc.intuit.com/questions/4241639-tax-relief-the-bipartisan-budget-act-of-2018

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2 Replies
DoninGA
Level 15

Will TurboTax be updated with the rollback of the Mortgage Forgiveness information recently passed - if so, when?

Since the spending bill with the tax extenders has just been passed and signed into law, both the IRS and tax preparation software companies have to change various forms, schedules, worksheets and calculations to conform with the extenders in the bill.  It will be several 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 system configurations.

Go to this IRS website for information - https://www.irs.gov/newsroom/irs-statement-on-retroactive-extender-provisions

See this TurboTax support FAQ for information - https://ttlc.intuit.com/questions/4241639-tax-relief-the-bipartisan-budget-act-of-2018

bjboyd415
New Member

Will TurboTax be updated with the rollback of the Mortgage Forgiveness information recently passed - if so, when?

Thank you!
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