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Get your taxes done using TurboTax
Has this been fixed in TT for tax year 2019? I suspect not because it's still is wrong in the IRS tax documents. In fact also the IRS says this "The IRS corrected the Schedule D Tax Worksheet in the Instructions for Schedule D (Form 1040, U.S. Individual Income Tax Return) by renumbering line 18 as line 18a, adding new lines 18b and 18c, and updating the text on line 19 to reflect those changes." I've never been able to find an actually updated form with those changes made.
I'm using HR Block and it is still calculating it wrong for 2019. If TT is doing it right I will buy TT.
Note, I know it is calculating wrong because when I increase my ordinary income by $1, it taxes that at 25%. The only 25% bracket should be depreciation recapture. My marginal tax bracket for ordinary income is 22%, so I should only be taxed on 22% of my $1 increase.