JamesG1
Employee Tax Expert

Retirement tax questions

I assume that you reported the $31 as a capital loss under Investments and Savings on an IRS form 1099-B / IRS form 8949 / Schedule D Capital Gains and Losses.  If so:

 

  • Return to the entry and click the Delete trashcan to the right or click the down arrow and click the Delete trashcan to remove the entry.
  • Click Review down the left side of the screen to see whether the error has cleared.
  • Look in the upper left hand corner of the screen to make sure that you are still in the Deluxe version.

If you have incorrectly reported the $31 in income, now correctly report the income.  

 

However, you may find that the $31 income entry had been correctly entered and you will have to upgrade to the Premier version to correctly report the income.

 

@chatumoh  

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"