AliciaP1
Expert Alumni

Get your taxes done using TurboTax

Upon review, you have a 0 entered in the loss section for Ordinary Loss which is causing the error for that line.

 

Your Capital Gain/Loss issue is because the instructions state to add lines 7, 8a, 8b, and 8c from your K-1 and then enter the net result either on line g if it is a net gain or line 38 if it is a net loss.  If there are no other numbers on those lines of your K-1 than the two you have listed on your 7203, you have a net loss of  $2,166 that needs entered on line 38 to clear the other error.

 

@GmWells 

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