line 1 asks for net operating loss on Form 40, line 7. $3,000
line 2 asks for capital loss carryover. Instructions
indicate total amount should be entered. $110,626
Line 7 asks for sum $113,626
This sum is result on Form 40, line 8 and becomes part of my adjusted gross income for state of Idaho.
If this is correct, I will be paying tax on this "income" for years to come.
However, TurboTax did not fill in Form 40, line 20 with the result from the tax table.
