Thanks Mary,
Exactly that is my question.... How to accomplish this? Where and how to do that?
Here is the scenario: I'm using TurboTax...
1. I've indicate on Sch C that the business was terminated.
2. I was expecting TT to continue on with questions related to the termination such as "is there a loss or a gain", how was it distributed"... things of that nature.
3. And then present based on the step-by-step questionnaire, create a form (which one: 4797, Sch D, Sch E, Sch C?) and add either gains or losses to the 1040, 1040SR or Sch 1.
4. And of course, calculate losses limitations, if any.
TT is not doing anything like that. So I fear TT has failed me.
What do I do?
Armando
