@cboizauer wrote:
No. Because you are zeroing them out on schedule C. No deduction there.
And carrying them over to schedule D.
Sorry, I am not seeing the clear picture.
Sch D:
Line item 1: $50K gain
Line item 2: $10K expenses
Sch C:
Item 1: $10K expenses,
Doesn't this net to $30K? and not $40K?
feel free to upload screenshot of what you mean? I am using 1040 excel https://sites.google.com/view/incometaxspreadsheet/home/download
