I'm using TurboTax Premier 2021 to file federal 1040 for my child. It complains about "Form 8615: ParentsNetLTGain shouldn't be less than or equal to zero." Bug?

That entry comes from my Sch. D. line 15 Net long-term capital gain or (loss), which is negative due to net loss. So it appears to be a TurboTax bug.

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I'm using TurboTax Premier 2021 to file federal 1040 for my child. It complains about "Form 8615: ParentsNetLTGain shouldn't be less than or equal to zero." Bug?

You are instructed to enter your long term capital gain from line 15 of schedule D. If the amount is negative, then you have a loss, not a gain. In that case, you should leave the entry blank.

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I'm using TurboTax Premier 2021 to file federal 1040 for my child. It complains about "Form 8615: ParentsNetLTGain shouldn't be less than or equal to zero." Bug?

You are instructed to enter your long term capital gain from line 15 of schedule D. If the amount is negative, then you have a loss, not a gain. In that case, you should leave the entry blank.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I'm using TurboTax Premier 2021 to file federal 1040 for my child. It complains about "Form 8615: ParentsNetLTGain shouldn't be less than or equal to zero." Bug?

Thanks, ThomasM125 for the answer. Perhaps the instruction should be updated to leave the field blank if line 15 of schedule D shows a capital loss...