I mentioned EVERYWHERE that value shows in the form. Taxes WERE calculated from the capital gains worksheet. It's just column A came from the capital gains worksheet as the total. That value was also line 16 on the 1040 that was filed. Labeled "Tax."
The newly reformed 1040 had the value of from the capital gains worksheet on line 16 of the new 1040 form. $42 more than the filed version. The value in line 17 was identical ($950) and column C on the 1040X came from line 18, so it was $992. Since I already paid the $950 in the filed 1040, it should NOT be added to my tax bill when filing a 1040X. (Or it should be in column A to say that it hadn't changed.)
If TurboTax had stuck with line 16, OR line 18 (or line 24) from the 1040 forms for all columns on line 6, my tax due would be $42. Instead, since it used 16 for column A (or the capital gains worksheet value), and line 18 for column C, I supposedly owe line 17 again, which I already paid for. (Line 17 is identical on all 1040 forms.)
Can I manually manipulate the 1040X? Personally, I'd think this would be an easy bug to track down (being a retired computer programmer) if it gets to an actual programmer. Using the same value on 1040X line 6 makes sense and TurboTax is OBVIOUSLY not doing that. Then, I might even be able to e-file the 1040X...
I am tempted to start a blank 1040X from the IRS, put the proper values in because TurboTax obviously can't currently, although then I need to mail a ton of paperwork to the IRS. I believe 1040X is now e-fileable, so that'd be easier, IF TurboTax can create the proper values.
Personally, I'd be shocked if I'm the only person that has run into this. It's pretty obvious if there's a value on line 17 of both versions of the 1040 form.
Terry
