Schedule D and 8949 not working correctly, Overstating tax due by a lot (ripple effect). cannot delete modify or remove .

[JamesG1]

"Schedule D and 8949 not working correctly."

Are you in TurboTax Online or TurboTax Desktop?

Are you saying that the numbers on Schedule D do not equal the numbers on IRS form 8949?

Are you saying that the tax computation related to Schedule D is incorrect?  Is the tax computation made on the Schedule D Tax Worksheet or the Qualified Dividends and Capital Gain Tax Worksheet? 

Please clarify.

[cornbill]

I am on the Desktop version.

The data from the 8949 looks fine, but it populates Schedule D with different (highly inflated) data.

This then is used to calculate the tax.

[CatinaT1]

I would suggest you do a manual update of your software and then see if you continue to have this issue. Manually Update TurboTax for Windows Software

[cornbill]

No. I have a Mac Desktop version. It updates both Fed and State and then says, "You're up to date."

I have done this many times over the last month.

The problem is the link from the details of sales which show up correctly but then Schedule D has much larger numbers. I use the Codes A, D and E. when inputing.

Also, tried to type over the bad fields but keying (or deleting) is blocked.

Removing Form didn't work either,

Thanks

[MayaD]

We'd love to help you complete your tax return, but need more information. Can you please clarify your question? which Part/lines of schedule D is/are incorrect?