2780811

Turbotax is not offsetting K1 capital gains on 4797 with capital losses and I'm ending up with carryforwards. Can it be manually adjusted? Thank you

posted

Connect with an expert

2 Replies

Turbotax is not offsetting K1 capital gains on 4797 with capital losses and I'm ending up with carryforwards. Can it be manually adjusted? Thank you

Read the form 4797 carefully ... not all the gains on it are capital that end up on the Sch D.

Turbotax is not offsetting K1 capital gains on 4797 with capital losses and I'm ending up with carryforwards. Can it be manually adjusted? Thank you

Thanks Critter-3....

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post