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New Member
posted Jun 4, 2019 2:22:04 PM

I added a loss that should go on an 8949 and instead my taxes due increased! How can I look at my 1040 as it is right now to find out where the error is?

I entered Sold as my disposition of assets, entered they had been inherited, I entered the date acquired and the date sold. I entered the sale price as a positive, the selling expenses as 0, the basis as larger than the sale price, and the s corp basis gain or loss as a negative (the difference between the sale price and the basis).

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1 Best answer
New Member
Jun 4, 2019 2:22:07 PM

Go to Tax Tools on the left, then Tools, Choose to View your Tax Summary then Preview my 1040.

2 Replies
New Member
Jun 4, 2019 2:22:05 PM

Why are you entering an S Corp gain or loss on a personal return?

New Member
Jun 4, 2019 2:22:07 PM

Go to Tax Tools on the left, then Tools, Choose to View your Tax Summary then Preview my 1040.