At Ultra Tax website, I see a blog writing about a 2018 Schedule D tax worksheet change by the IRS. I cannot find a Bulletin or other info about this change. Any info?

[abctax55 · Accepted solution]

The IRS hasn't released it yet...possible by the end of the week.

*******************

"Important! The updated worksheet will also be posted to IRS.gov on May 16th, 2019 but is already included in UltraTax/1040 version 18.3.7 and UltraTax/1041 version 18.3.6 software updates. The IRS will review returns filed prior to May 16th, 2019 to determine any needed corrections. These taxpayers do not need to file an amended return, call the IRS, or take any other action at this time."

[abctax55]

@IntuitAlicia @IntuitRichard
Does Lacerte have anything planned to let us data-mine our returns (like UT has) to see who might be impacted?

[charlesoliver943]

Thanks abctax55!

[TaxGuyBill]

Is there any word yet what the change is and what is wrong/what types of returns will be affected?

[abctax55]

Bill - check your email.

[TaxGuyBill]

Thank you!   :smile:

[abctax55]

YVW...I'll try to remember to update you if there are any "big" developments reported.

[TaxGuyBill]

https://accountants-community.intuit.com/announcements/1849694

[abctax55]

So....be sure you have backups for before/after comparisons and "locked" returns !

[TaxGuyBill]

Crap ... good point.

[sjrcpa]

Just out https://www.irs.gov/forms-pubs/error-in-tax-calculation-in-schedule-d-tax-worksheet-form-1040