Deductions & credits

As I said in my previous message, the fix is incorrect. Perhaps I should say it does fix the issue for most of the people but NOT  for everyone. It only fixed for those people whose amount of AGI >= (standard/itemized deduction + business deduction)  on Form 1040 line 10 is either 0 or positive amount. But NOT for people whose amount of AGI < (standard/itemized deduction + business deduction)  is negative. Using an example to illustrate the issue might be easier to understand.

From the above example, the middle column uses line 10 amount (which has been modified to $0) has no short term and long term capital loss carryover for 2019. The last column uses the raw data of line 10 has $503 short term and $2420 long term capital loss carryover for 2019.

For those people whose AGI is less than the deduction amount in 2018, the capital loss carryover for 2018 from previous year (2017) will not be used or will be used partial. So the unused capital loss should be able to carryforward to next year (2019)

As a result, it should use the formula to get the raw data for 2018 Form 1040 line 10, NOT the amount literally from line 10 for Capital Loss Carryover Worksheet line 1.