Thank you for the replay M-mtax. I am the PR for the Estate that the loss came from I used TT Business to do the final and only 1041 for my fathers estate. TT Business put the value in 11D which was the long term loss from estate. THere was no income in estate just the loss. TT Business also put the same amount positive in 14H.
WHen doing my 1040 in TT it did the correct thing on Sched D and used loss to offset Capital gains just fine. But the MAGI for the year was north of 350K so that invokes Form 8960 ( nothing I have ever dealt with before since income was not that high) So 8960 subtracts 250k from MAGI and then it brought in the 14H amount (positive) and added it to the 350k-250k number then does a 3.8% on that number which is added to my huge tax bill. it kind of nullifies the advantage of the capital loss on Sched D. Is this the way it is suppose to work. I could not force 14H negative or value on 8960 negative.
This is a little corner of taxes I never knew existed.
Thanks
