Skylane
Level 11
Level 11

Well stated and good questions! I don’t think there will be answers for a few  more weeks. The IRS and software providers are still scrambling to include the provisions into their software. I imagine that Intuit has devoted a fair share of its development resources to this and are working a fair amount of overtime.  It will be a wait and see....

Typically, software changes like this initially include errors and require correction. I’m advising my clientele who may be subject to these provisions that there will likely be a delay in filing this year. I will prepare the returns, but not file until I’m confident the questions and bugs have been resolved.

I’ve always found this forum to be a good way of monitoring the process and progress. I don’t want to be a beta tester and I’d rather wait and do it right than have to explain and file amendments.

If at first you don’t succeed…..find a workaround