leisacpa2011
Level 1
12-07-2019
01:08 AM
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Big Problem. Client Trust 1041 return has a long term capital loss carryover from 2017. On the 2018 return - Schedule D, line 15 - long-term capital loss carryover is the correct amount. However page 2 Schedule D, PART III, line 18c has a number for 28% rate gain, pulling from a 28% Rate Gain Worksheet -- WHICH IS COMPLETELY WRONG. There was zero 28% rate gain from 2017 or 2018. In fact, the Total, Line 19 for Schedule D, PART III, doesn't even add up correctly - it is ignoring the wrong number on 18c -- Don't think IRS will ignore a gain amount.
Disappointed that even the mathematical error was not caught.
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