☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 12, 2022 2:50:05 PM

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

0 2 610
2 Replies
Level 15
Oct 12, 2022 3:36:45 PM

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

New Member
Oct 13, 2022 9:05:00 AM

Thanks Critter-3....