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Get your taxes done using TurboTax
The instructions for lines 35 - 46 are confusing. Turbotax form 7203 (forms view) says to "enter only negative values (loss) on lines 35-46". Those are the lines where you enter losses, so you'd think they would be negative numbers. But in fact, you should enter your loss as a POSITIVE number, not a negative number. This confusing language tripped me up and yielded wrong results until I figured it out. The way the form is written, you shouldn't enter a negative number in any field in the whole form, only positive numbers...even for losses.
‎October 15, 2022
10:45 PM