bdiicmm
New Member

Deductions & credits

Vanessa,

 

I entered the cost basis on the Federal return which acknowledged the loss. I have a carryover loss on my Federal return so gain no further advantage there, which I understand.

The problem comes with the HI form which only allows me to enter the gross proceeds from my 1099-S (unless I misunderstand the directions), resulting in a payment to HI of $420 when I actually had no taxable income.