George4
New Member

Is it correct that a long term capital loss from an S-Corp is entered twice on Schedule D, on Part 2 line 10 (form 8949) and line 12 (my K-1)?

I have a long-term capital loss from the sale of Capital Stock from my S-Corp. I'm the 100% owner of the S-Corp so the entire loss appears on my 2016 K-1.

When completing my personal taxes, Schedule D, Part 2, Line 10 shows the amount of the loss as entered on Form 8949 (with Box F checked / no 1099-B).  Line 12 shows the same loss amount as reported on my K-1.

This appears to have me reporting the same loss twice since the two entries are combined on Line 15.  Is that correct?

If not, how should it be entered?

Thanks!