- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
I think I understand now. I normally have a gain on my K-1 from Section 1256 contracts. This year I have a loss. I can carry it back and spread it over previous years by amending my tax returns. By unchecking Box D, I gave up the option of going back and getting a refund by spreading the loss to earlier years, and the error goes away.
I think I understand your statement about combining numbers. When I input my data, I can enter a -87 on line 11zz. Or I can combine 11zz and 13zz and enter -87 for line 11zz. Is there a reason to combine them?
Thanks for your help. I get no errors now.
‎September 22, 2024
8:22 AM