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Level 2
July 12, 2019
Solved

Change to 2018 Schedule D form 1040

  • July 12, 2019
  • 5 replies
  • 44 views

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?

Best answer by VolvoGirl

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.

5 replies

VolvoGirl
VolvoGirlAnswer
Level 15
July 12, 2019

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.

Maribob4Author
Level 2
July 12, 2019

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

rjs
Level 15
Level 15
July 12, 2019

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.