Corrections to the 2019 Publication 505

If you downloaded the 2019 Publication 505 before March 13, 2019, please note the following.

At the top on page 12, under the heading Gambling Winnings, in the last column "The income withheld at a flat rate is" the number 22% should read 24%.

On page 39, Worksheet 2-7, On line 29, “Enter the smaller of line 24 or line 28 (see instructions).” the number 24 should read 25.

On page 53, Worksheet 4-1, in the title "Schedule AI-Line" the number 12 should read 14.
On line 1, "Enter line 11 of your Schedule AI" the number 11 should read 13.
On line 19, "Also enter this amount on line 12 of Schedule AI", the number 12 should read 14.

On page 54, Worksheet 4-2 in the title "Schedule AI-Line" the number 12 should read 14.
At "Before you begin: If Schedule AI, line 11," the number 11 should read 13.
On line 1, Enter line 11 of your Schedule AI" the number 11 should read 13.
On line 6, Enter the result here and on line 12 of Schedule AI" the number 12 should read 14.
At "Figuring capital gain excess. To find out if you have a capital gain excess for the appropriate period, subtract line 11 of Schedule AI," the number 11 should read 13.

The corrected version of the 2019 Publication 505 is available for download.