As a sole shareholder of an S corp, I can characterize a recent asset sale in the most beneficial legal way. I also personally have a large capital loss carryover from last year. Is there a difference between the Cap Gain shown on K1 Box 8a versus Box 9 as it relates to the passthru to my personal 1040 in order to reduce taxable income by claiming more than $3K of loss carryover?
Thank you
