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Level 6

Change to 2018 Schedule D form 1040

I went in to look at my 2018 form 1040 that I had filed and had been accepted by IRS.  After I updated the 2018 turbo tax, I noticed that Turbo Tax had changed my original tax file. When I pulled it up the amount due for taxes was reduced by $1397 due to changes on schedule D Tax Worksheet.  Did the rules change for Schedule D?  Do I need to file an amended return to get this money back?  If so how do I amend it when Turbo Tax has already changed my original tax return?

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Level 11

Change to 2018 Schedule D form 1040

Yes there was an update to schedule D.  Here is IRS info.  

https://www.irs.gov/forms-pubs/error-in-tax-calculation-in-schedule-d-tax-worksheet-form-1040

 

I'm not sure what you need to do if anything.

Level 17 rjs
Level 17

Change to 2018 Schedule D form 1040

Yes, that's right. Do not do anything at this time. Wait for more information from the IRS. The IRS specifically said that you should not file an amended return.

3 Replies
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Level 11

Change to 2018 Schedule D form 1040

Yes there was an update to schedule D.  Here is IRS info.  

https://www.irs.gov/forms-pubs/error-in-tax-calculation-in-schedule-d-tax-worksheet-form-1040

 

I'm not sure what you need to do if anything.

Level 6

Change to 2018 Schedule D form 1040

It appears from this IRS error we just have to wait for IRS to find the error.  Does that sound right?

Level 17 rjs
Level 17

Change to 2018 Schedule D form 1040

Yes, that's right. Do not do anything at this time. Wait for more information from the IRS. The IRS specifically said that you should not file an amended return.