The IRS recently discovered they had made an error in the 2018 Schedule D Tax Worksheet in the Instructions for Schedule D (Form 1040). Therefore, all accounting software programs were set up incorrectly for calculation of the Schedule D. Many of our clients have already received correspondence from the IRS regarding this error. Please refer to their publication below for more information.
If you are affected by this error, you don’t need to file an amended return or call the IRS. The IRS is reviewing all potentially impacted filed returns, including those filed before May 16, 2019, and will send correction notices to any affected taxpayers.
https://www.irs.gov/forms-pubs/error-in-tax-calculation-in-schedule-d-tax-worksheet-form-1040?fbclid=IwAR23XIv35KX8woWexoJG6bXde5NqYdbBTL44S-WJgA_Xks0SAQ6ni6td2o0
If you are affected by this error, you don’t need to file an amended return or call the IRS. The IRS is reviewing all potentially impacted filed returns, including those filed before May 16, 2019, and will send correction notices to any affected taxpayers.
https://www.irs.gov/forms-pubs/error-in-tax-calculation-in-schedule-d-tax-worksheet-form-1040?fbclid=IwAR23XIv35KX8woWexoJG6bXde5NqYdbBTL44S-WJgA_Xks0SAQ6ni6td2o0