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Level 2
March 12, 2021
Question

When will proconnect online be updated for The American Rescue plan Act?

  • March 12, 2021
  • 5 replies
  • 16 views
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5 replies

Accountant-Man
Level 13
March 12, 2021

Do you mean the law SIGNED TODAY?

** I'm still a champion... of the world! Even without The Lounge.
Level 2
March 12, 2021

Yes. That is what was signed today.

IRonMaN
Level 15
March 12, 2021

We are just software users like you.  You could always contact support - I’m sure they would be happy to share whatever information they have.

Slava Ukraini!
Level 3
March 13, 2021

You could be a little nicer! He/she asked a legit question and one that everyone wants to know. Maybe someone has already contacted them and has the answer to make life easy for all :). 

Accountant-Man
Level 13
March 13, 2021

She asked, "When will proconnect online be updated for The American Rescue plan Act?" on the day of the signing. The correct answer is...

"When it's programmed." Not before.

** I'm still a champion... of the world! Even without The Lounge.
Level 3
March 13, 2021

They have to get guidance first. You just have to sit tight for now. Check out the below thread in the meantime. 

https://proconnect.intuit.com/community/proseries-tax/discussion/re-how-will-pro-series-handle-the-new-legislation-on/01/139651

Accountant-Man
Level 13
March 13, 2021

I found the instructions on line, which is how the software will work when it is programmed.

I entered manually the negative $10,200 on Other Income, per the instructions, after calculating Modified AGI.

** I'm still a champion... of the world! Even without The Lounge.