Version 1.16 for 1040, versions 1.10 for 1120 & 990, and versions 1.09 for 1120S & 1065 are now available for TaxAct 2020 Professional Federal Editions. These updates include:
- Removed 80% taxable income limitation on Form 1045, Schedule B
- Updated maximum days for long-term care insurance contracts on Form 8853
- Updated picklist selections for Form 5471, Schedule I
- Updated print placement for Form 8283
- Updated officers worksheet calculation for Schedule J (Form 990)
- Fixed print bug on grants worksheet for Schedule F (Form 990)
- Other minor bugs and enhancements
You can also check for updates at any time by clicking the Online –> Check for Updates menu.