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LMCT
New Member

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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Accepted Solutions
Anita01
New Member

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?

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

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2 Replies
Anita01
New Member

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?

Why are you entering an S Corp gain or loss on a personal return?
Anita01
New Member

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?

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

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