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2023 capital loss carryforward worksheet line 1 is wrong
The 2023 to 2024 Capital Loss Carryforward Worksheet, Line 1 is recording a negative number when the standard deduction exceeds the AGI. I expected it to match the 0 found on Form 1040, Line 15 (according to the instructions of the worksheet for Line 1). In my case, the Short-Term Carryforward on Line 8 is being calculated as though no loss was claimed on Form 1040, yet the Form 1040 Line 7 has reported the max loss allowed.
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May 23, 2024
4:34 AM