kcomstock
Level 1

I don't know if this is a recurring issue, but I exported an LLC return with a 1231 loss to an individual. For federal purposes, 1231 gains and losses are netted to a single amount (positive for gain, negative for loss). However, for CA purposes, 1231 gains and losses are displayed separately (both as positive numbers). Anyways, the K-1 loss for federal purposes was exported to the individual as a gain for CA purposes, and I had to manually change it back to a loss. I haven't been able to find a "suggestion" or "error correction" spot, so I figured I'd just post it here. Thanks.

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