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Business & farm
Well, I found the reason after some trial & error. If line 16 on Schedule D is $0 or a loss, the program skips lines 17 through 20 or 21 and zeros them out. I had a loss on line 16 as it were, and when I tried to enter a value in line 19, it gave me the error. I know now that Section 1250 gains are offset by long term capital losses 😉 Learning the hard way I guess...
‎June 4, 2019
8:28 PM
5,092 Views