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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 2 633
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....