aweeva
Returning Member

Investors & landlords

Hello,

 

So what exactly are the adjustments that need to be made in TurboTax for disallowed losses on fully closed positions? It seems like TurboTax should probably prompt folks in this situation to review whichever sales that this applies to because the default of just adding the entire disallowed loss amount to someone's taxable income seems like it would lead a lot of people to pay extra taxes.