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Level 4
posted Feb 14, 2020 8:37:25 AM

Wisconsin Schedule WD Lines 1a-3 and 9a-11 Handled Incorrectly

TT 2019 appears to be handling scheduled WD incorrectly this has been an issue SINCE 2017. 

 

In years past (2016 and before), one added up ROUNDED numbers from the Fed. 8949 and placed them into WD.

 

HOWEVER starting in 2017 Wisconsin Schedule WD instructs the taxpayer to simply transfer (with rounding to dollar amounts) the TOTAL information directly from federal Schedule D.

 

TT is still doing it the old way - "inventing" a form "Sch WD Wks" to hold the rounded numbers for individual investments.

0 3 542
3 Replies
Level 1
Feb 16, 2020 11:57:47 AM

cx called to comment on the tto processing of the states Wisconsin schedule WD line 1a and 9a. There should be no entry there. the software is transferring bogus information to those fields.

Level 4
Feb 16, 2020 12:43:30 PM

Just to be clear, this is NOT TT Online.  It is TT Premier on a PC.  Otherwise, not entirely sure what you are meaning to say.  The State of Wisconsin WD lines 1a-3 and 9a-11 should indeed be filled in - transferred from Fed. Schedule D lines 1a-3 and 8a-10, respectively.  The issue is that they are carrying on with the old Wisconsin rounded 8949, which is no longer correct.

Level 2
Mar 8, 2020 10:46:32 AM

Did you get an answer on this? Wisconsin  schedule WD is wrong. Line 1a is bringing in federal schedule D line 1a (as it should). But then on line 1b, it is supposed to retrieve federal sch D line 1b. There is nothing there in my case but TT is putting in a number pretty close to the line 1a amount (I can't quite tell how they are getting the number), essentially doubling it.  

 

Same thing is happening on lines 9a and 9b. It is correctly bringing in federal sch D line 8a to Wisconsin line 9a. I have no entry on federal sch D line 8b but TT is putting numbers on Wisconsin line 9b...again essentially duplicating the line 9a amounts (with minor differences which I assume is how TT rounds the numbers...federal keeps the pennies and rounds the total whereas I think TT rounds each transaction).