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Level 2
March 23, 2023
Question

Schedule D Tax Worksheet line 33 is a negative

  • March 23, 2023
  • 1 reply
  • 0 views

Since Schedule D Tax Worksheet line 33 is a negative, so is line 34 & line 47

 

The instructions at line 33 do NOT say if a negative to enter ZERO.

 

Perhaps entering a ZERO is a given?

 

 

    1 reply

    Level 15
    March 23, 2023

    Line 33 is used to determine the amount of your capital gain income that is taxed at 20%. So if you had a negative number there, you would have to enter $0 or you would end up with a negative tax, which is not possible. So entering a $0 is a given. 

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    sf_photoAuthor
    Level 2
    March 23, 2023

    Thanks Thomas