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Deductions & credits
Hi JamesG1,
Thank you for your reply. When I entered the items I did code them as "personal items", and the code in column (f ) is "L" non-deductible loss". It was under column (a), on form 8949 that the exact name of the personal item sold is listed, i.e. one was a "saddle pad", where in your example of form 8949 in column (a), the description of property was "personal item". I just wondered if the description in column (a) for form 8949 made a difference. But I suspect not, since the calculation for column (h) in your reply above is the same calculation as on my form 8949. Please let me know if the description in column (a) does make a difference.
Thank you,
PeggyH3
‎February 14, 2023
4:38 PM