Forms 8986 & 8978/A and a "Form 1040-X Recalc Worksheet"

[Taxes-by-Rocky]

For the Suggestion Box:  

I'm sure it's not high on the priority list yet but.......the above forms are becoming extremely popular with larger partnerships with lots of partners.  Is there any chance that Intuit can embed a Form 8978 and 8978-A into a few of the prior year's tax software packages to provide for an automated recalculation of that year's tax liability?  The tax recalculation might be kind of like a Form 1040-X worksheet but enough to provide (i) the Form 8978, (ii) 8978-A and (iii) 1040-X worksheet all in PDF format for submission with a current or future year tax return.  A little bit like the old "Tax Benefit Rule" recalc worksheets in the pre-2018 returns.  [I'm not asking for sequential amendment capability (yet) but it wouldn't surprise me if those were forthcoming.]  Thanks.

[Taxes-by-Rocky]

With respect to the above and the "Tax Smart Worksheet" for Line 16 of Form 1040/1040SR Wks, assuming the IRS' software schema will acquiesce, can we add "Form 8978" as an acceptable form for  the additional tax on Line 16, Box 3?  That way, we can still use the error checking feature upon conversion of the Federal (and state) returns.  Thank you.

[darocco]

How are you handling the Form 8978 issue. I thought this would be handled for 2025 but doesn't appear to be so. This is so annoying since the adjustment for my client is so minimal; I would consider just not dealing with it. My accounting fee would be so much more than the tiny net refund the client would get..In addition; this is more common than you would think.

Thanks in advance for any advice..

[Taxes-by-Rocky]

With the long tail on partnership audit adjustments, not to mention multiple year layering of such adjustments in the prior periods (e.g., for holders of multiple partnership interests, etc.), this promises to be messy for taxpayers...and for the IRS, not to mention the (multiple) states.  Something tells me that a new approach (e.g., a flat 'moderate' tax bracket adjustment approach, save the interest) can't be too far off on the horizon.  While such approach is not likely to be very accurate, I'm finding it hard to believe that the tax software systems are that sophisticated, even with a required retrofit.  Imagine that you're on the third amendment for that tax year and the IRS is on the forth.  What a mess.

Combine this with the new Math rules in that the IRS must show its computations.  I see a lot of columns going across the page.....