Question

20% Pass Through Deduction

Forum|Forum|7 years ago
January 23, 2019
1 reply
0 views

Are the tax forms completely up to date on turbo tax as of today 1/22/2019? I do not see the 20% pass through deduction and I meet all of the requirements. I am thinking maybe the shut down is affecting the new forms coming out?

W

wrwbear

I wonder, too. And, is Turbo Tax up to date? I looked all over my filed forms 1040, Schedule C, etc., and I didn't see anything about this deduction. Nowhere in the TT questions or analysis of my forms for errors. If the IRS hasn't completed incorporating this deduction into the Forms, then why is there no notice from TT? (As a separate issue, my state had not completed its home office form and TT told me to wait until it was done to file my state taxes.) Did Turbo Tax really drop the ball for small business owners?

J

Jeff9

TurboTax seems to be asleep at the switch on this. No answers to our questions - no solutions - time to start hammering on this!!!

C

c4retteAuthor

I figured this out. I bought turbo tax back in November and plugged all of my numbers in but the deduction didn't show up. So I waited until the 1/28 for the 1st day of filing, it still didn't show up. I think it would have if I didn't enter all of my info prior to the tax forms being released. I deleted everything I plugged in and started fresh... and the 20% deduction is there now!