TT statement Capital Loss carry over: If line 16 loss amount is greater than the number shown on line 21 (pretend they're both positive numbers), Mine are neg numbers??
What does that mean?
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1 Best answer
Mike9241
Level 15
Oct 26, 2023 8:39:30 AM
if the loss on schedule D line 16 is greater than the loss on line 21 you have a capital loss carryover. of the difference assuming 1040 line 11 is not negative.
1 Replies
Mike9241
Level 15
Oct 26, 2023 8:39:30 AM
if the loss on schedule D line 16 is greater than the loss on line 21 you have a capital loss carryover. of the difference assuming 1040 line 11 is not negative.