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Get your taxes done using TurboTax
TT just doesn't recognize that when the loss is carried over to the worksheet from Line 15 of Sch D it needs to be treated as a negative. When I go in and override the loss, on the worksheet, entering a negative sign on line 5, all is well (line 7 is zero and carried correctly back to line 18c of Sch D). Not sure what the capital loss carryover interview is - - as far as I can tell, TT for Business doesn't have it - - I am completing a 1041 for a Trust. Thanks for all your effort in researching this issue.
‎June 3, 2019
1:14 PM