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Get your taxes done using TurboTax
PROCEEDS are what was PAID TO YOU when you sold. You then subtract BASIS to come up with a loss.
You don't have a negative gain, you have a loss and, clearly "proceeds" can't be negative. Enter proceeds as a positive number, enter basis as a positive number. If basis > proceeds you'll have a loss.
You don't have a negative gain, you have a loss and, clearly "proceeds" can't be negative. Enter proceeds as a positive number, enter basis as a positive number. If basis > proceeds you'll have a loss.
‎June 4, 2019
2:49 PM