Should schedule D line 21 be the $3K, when it clearly says to choose the smaller of $3K and $1.5 and advises to treat both as positive numbers? Turbotax is picking $3K.

posted

Connect with an expert

1 Reply

Should schedule D line 21 be the $3K, when it clearly says to choose the smaller of $3K and $1.5 and advises to treat both as positive numbers? Turbotax is picking $3K.

No that's not what it says. It say the smaller of line 16 or

3,000 for Single or Joint or

1,500 if you are filing Married filing Separately.

Still have questions?