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Get your taxes done using TurboTax
No, that is not correct. The number is a long term capital loss carryover and it should go to line 12 on Schedule D.
It shouldn't also go to line 14, which is your long term capital loss from your worksheet. I tested this in TurboTax and the number only carried to line 12 for me. Did you have a capital loss carryover before you added this K-1?
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March 9, 2022
4:27 PM