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TurboTax release updates generally once a week. They plan to have the majority of new changes implemented by the end of December. With specific regard to the 20% Passthrough deduction, the IRS has not released final regulations, or the forms and instructions on how to calculate it. TurboTax is working on programming the deduction based on the IRS draft regulations, but nothing can be finalized until the IRS releases the final regulations and the final forms themselves.
TurboTax release updates generally once a week. They plan to have the majority of new changes implemented by the end of December. With specific regard to the 20% Passthrough deduction, the IRS has not released final regulations, or the forms and instructions on how to calculate it. TurboTax is working on programming the deduction based on the IRS draft regulations, but nothing can be finalized until the IRS releases the final regulations and the final forms themselves.
A LOT of the program is not functional yet mostly due to the IRS not being ready ... they have not issued final forms or instructions for many things so the software companies "punt" for right now until the true game can commence ...
This happens every year ... folks are in such a hurry to buy and drive a product that has no engine, tires or a steering wheel and are surprised that the vehicle doesn't work or get them anywhere. The ONLY reason that TT puts out an incomplete program is to grab market share because some people are dumb enough to buy an advance copy of a non operational program at a price that is higher than if they waited and bought it later in the tax year from a reputable reseller.
These first releases of the program are usually very buggy ( you are the beta testers even if you don't know it) and will require MANY updates before it becomes fully functional which usually will not happen until late January or sometime in February depending on the forms you need. So patience will be needed as the IRS has not even announced when the 2019 filing season will start
This past tax year, not only did the IRS have to rewrite a ton of tax code due to the late changes made in Dec of 2017 but the fools in Congress required they also toss out all the old form 1040 forms for the new "1040 Simplified" version ( which is anything but simplified since it adds 6 new schedules) and all these changes have the IRS way behind the normal timeline so expect things to not only run late but they will be VERY BUGGY so the smart money is on the patient person who waits to file until most of the errors have been corrected. Last time this happened many of the early filers had their returns lost or delayed for months so don't be in a hurry to jump off that cliff.
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