Solved
Why did turbo tax cause my capital loss of $50,000 from my rental sold to be placed on line 14 of my 1040 instead of only $3,000? how can this be corrected?
My capital loss of $50,000 from a rental sold was entirely used as a deduction from my 2016 taxes (which I didn't know). My income was $80K but I didn't need this deduction since I had $50K in other deductions, can I amend this loss to take the minimum and roll over the rest? From what I read I should have had the option the select from at little as $3k.
