I'm using TurboTax Home & Business and trying to fill out the business section. I have a net loss between Proceeds and Cost basis for investments on form 1099-B. Breaking out the Proceeds as income and Cost basis as expenses, will produce a large income for form 568 for the State and I would have to pay additional State fee when in reality I have net loss. How do I fill out the income and expenses correctly in TurboTax so it results in no revenue?
