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Returning Member
posted Mar 22, 2023 5:12:58 PM

Schedule D Tax Worksheet line 33 is a negative

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?

 

 

0 2 187
2 Replies
Expert Alumni
Mar 22, 2023 6:57:44 PM

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. 

Returning Member
Mar 23, 2023 8:48:20 AM

Thanks Thomas