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Level 2
April 9, 2021
Solved

Schedule D Tax Worksheet update?

  • April 9, 2021
  • 5 replies
  • 51 views

A tax return we previously eFiled is now computing an additional ~$3k of tax. Income and deductions did not change. The only change is the tax computation on the Schedule D Tax Worksheet.

We have not seen any alerts from Intuit regarding ProSeries Professional Schedule D Tax Worksheet changes.

Has anyone else come across this issue?

This topic has been closed for replies.
Best answer by Just-Lisa-Now-

I saw someone report this over in the ProSeries Facebook group....is this what you're seeing?

"The latest ProSeries update pushed out changes impacting tax calculations for returns with Form 4952. The software had been incorrectly using the Qualified Dividends and Capital Gain Tax Worksheet for returns with Form 4952. They corrected this to use the Schedule D Tax Worksheet - any returns that were waiting to be efiled have likely been changed."

 

5 replies

Just-Lisa-Now-
Intuit Community Champion
April 9, 2021

I saw someone report this over in the ProSeries Facebook group....is this what you're seeing?

"The latest ProSeries update pushed out changes impacting tax calculations for returns with Form 4952. The software had been incorrectly using the Qualified Dividends and Capital Gain Tax Worksheet for returns with Form 4952. They corrected this to use the Schedule D Tax Worksheet - any returns that were waiting to be efiled have likely been changed."

 

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
sessigAuthor
Level 2
April 9, 2021

We had no idea. That must be it.

Thanks very much for the response, Lisa.

Level 5
April 9, 2021

I honestly do not think anything else can go wrong this year!

BobKamman
Level 15
April 9, 2021

Now for sure it will