Error in Schedule D 2016 Return

5 replies
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How do I correct a Schedule D Error made by TurboTax in my 2016 IRS Tax Return?

xmasbaby0

Level 15

2016? Why are you trying to change something on a tax return from so long ago? It is too late to get a bigger refund for a 2016 tax return. What are you trying to do or accomplish?

TurboTax no longer supports nor provides software to make changes to a 2016 return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

EEGriffieAuthor

Level 2

TurboTax made a serious Investment Loss entry on my 2016 Schedule D, which has carried through up to now. My Tax Attorney has advised me to file Amended Tax Returns for 2016 -2023. I have copies of all TurboTax SW Discs, but not the Data Files that TT created. Any suggestions or recommendations on Next Steps? Thanks.

Mike9241

Level 15

assuming you are using desktop and kept the apps updated, you will need to recreate the returns from scratch. Turbotax does not have copies of the data files when the returns are done using the desktop apps. You'll need to pay any additional taxes since that s specifically excluded under the accuracy guarantee (you get bills for any penalties or interest). you can try to submit a claim if charged penalties or interest but without the original data files, it's likely Turbo tax will deny them

Mike9241