You are correct. However, the double counting of loss offsets (once of capital loss, then also of passive loss) is being "compensated" (my term) by reducing my ...
Thank you, but indeed not relevant to my TurboTax question which is; Why does the program use S.1231 GAIN to offset both capital losses and passive suspended lo...
I have the same problem: A 1231 GAIN (positive) triggered a DECREASE in my taxable income. The IRS computer does not agree, and I had to pay additional taxes pl...
