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Thank you for the suggestion. But, it still doesn't make sense to me:

On Schedule D

Line 7:    -40,824 (short term capital gain loss carry over)

Line 10:  345,000 (correct taxable gain amount for home sale)

Line 14: -317,350 (long term capital gain loss carry over)

Line 15:  27,650 (net long term gain/loss)

Line 16: -13,174 (net of 7 and 15)

Line 21: -1,500 (enter smaller of Line 16 or -1,500)

 

Why do I owe 33,962 on a negative gain?