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Investors & landlords
Which of these numbers do you see on the Form 1040, Line 7? To see this line follow these steps:
In TurboTax Desktop -
- Click on Forms in the upper right corner.
- Then click on 1040 in the list on the left.
- Scroll down the form to view Line 7
In TurboTax Online:
- Click on Tools in the menu on the left
- Click on Tax Tools
- In the box that pops up on Tax Summary
- Then click on Preview My 1040 in the menu on the left
- Scroll down to view Line 7
If you see the $3,000 here, then the issue is with the display screen in the software but your tax return is correct. If you do not see the $3,000 here please let us know so that we can continue to troubleshoot.
This assumes that you do not have capital gains in 2023 that are being offset first.
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‎April 7, 2024
7:40 PM