@AmeliesUncle wrote:
If you put it in Part 1, it incorrectly affects the 1231 carryover rules.
Initially, as a knee-jerk reaction, the message I posted was based on the fact that there is an ordinary loss regardless of the Part in which the transaction was entered on the form.
However, you are correct in that the sense that an entry of this type would affect the 1231 lookback rule so, apparently, the only way to handle this scenario is with an override.
