Error on 28% Rate Gain Worksheet. Line 5 should be negative (TT enters as +), given no other figures, line 7 should be -0- and no entry would be made on Schedule D 18c.

[TomYoung]

I just did a quick test of the sale of a collectible held long term and entered a small short term loss carryover using the interview, and everything looked correct to me.  Perhaps if you disclose all the detail here I could try again and see if I can duplicate the problem.

[mary_zenner]

28% Rate Gain worksheet - - my only entry (made by TT) was a 2500 loss carryover from Sch D.  This amount should be entered as a negative number, TT treats it as positive, and carries it to Schedule D line 18c - - per line 7 of the 28% Rate Gain Worksheet, sums less than -0- should be entered as -0-

[mary_zenner]

If you look at the same worksheet on the IRS website, it displays line 5 of the 28% worksheet with ( ) emphasizing that the loss is treated as negative.  

[TomYoung]

I just tried this again and everything worked "as expected."  I didn't transfer a carry over from a 2017 file but instead entered it using the "Capital Loss Carryover" interview so maybe somethings messed up in the transfer.

[mary_zenner]

TT just doesn't recognize that when the loss is carried over to the worksheet from Line 15 of Sch D it needs to be treated as a negative.  When I go in and override the loss, on the worksheet, entering a negative sign on line 5, all is well (line 7 is zero and carried correctly back to line 18c of Sch D).  Not sure what the capital loss carryover interview is - - as far as I can tell, TT for Business doesn't have it - - I am completing a 1041 for a Trust.   Thanks for all your effort in researching this issue.   

[TomYoung · Accepted solution]

Not an answer but the only way to post pictures.

It always helps to indicate what product you're using.  I happen to have "Business" and I'm getting something more in line with what you're reporting.

[mary_zenner]

I agree - the product information (and other more descriptive information, and I hope fewer errors) was included in original question - before I found out there was a 170 character limitation.  To get the gist of the question in, I had to keep deleting information.  I see now that I can go in and edit the original question, use drop down boxes to indicate product and add additional information, from where I posted the original question - none of this was available.
Comment above meant for TT - - maybe they can increase the number of words/keystrokes allowed.  

Tom - -  Your screen shots indicate exactly what I am referring to, Line item 5 is filled in directly from Sch. D as a positive, adding the loss to any other items on the list.  This incorrect sum is then carried over to Sch. D.  Again I was able to correct the error by overriding TT and manually enter a negative sign (something the user should not have to do, the program should correctly recognize the loss as a negative).