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The screen 3 input for whether crypto currencies were used, to answer the question on schedule 1, is marked as an override. But what is it overriding? I do not see anything in the dispositions screen that would mark an asset sold as being crypto, so where would that input be flowing from such that an override is needed?
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Just noticed this post has not been answered. By now, you probably have figured that out. If not, this is how it works:
The system is defaulted to no if you leave it blank but you'll get a CD that kinda force you to make an entry. The notion about that being an override is really a misnomer.
Still an AllStar
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I have a client that has received a cryptocurrency account statement for realized gains and losses(short term).
The form states this should be reported on the Form 8949 with box C checked. where is the inputted in lacerte? What input screen do I use? 17.1? Is this treated as a regular disposition?
Any help would be appreciated.