Will turbotax deluxe be updated to reflect the new schedule D capital gains rates which were not in the initial 2018 tax worksheets developed by the IRS?

[Critter · Accepted solution]

The 2018 program is fully updated and has been for weeks.

[goiu1976]

that's great, except the IRS just made this announcement yesterday saying that all returns filed 'after 5/16' would reflect the correct calculation

[goiu1976]

that's great, except the IRS just made this announcement yesterday saying that all returns filed 'after 5/16' would reflect the correct calculation

[Critter]

Sorry ... that would explain a lot of IRS refunds that have come out lately.  

[TaxGuyBill]

Just to clarify, unless you sold real estate that was depreciated (up to 25%) or sold a 'collectible' (up to 28%) AND your tax bracket is less than 25%\28%, it will not affect your tax return.

So it only MIGHT affect you if your Schedule D has something on Line 18 or Line 19.

[goiu1976]

Thanks guys, always looking for a little extra help from Uncle Sam ?