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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.
Best Answer Click here
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This issue is fixed in an update available today, February 27, 2019. Please run program updates for the current version.
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I am having the same problems. It seems that Form 1041 Schedule D line 18c 28% Rate Gain Worksheet is not calculating properly because line 5 of the worksheet should be a negative number. Because the number is populating as positive, the worksheet is wrong.
Hopefully the programmers will correct this ASAP.
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This issue has been reported to our development team.
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