mgdtax
Level 3
03-20-2022
12:44 PM
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Thank you George,
I moved the entries to the 'Other' side based on this article:
That wasn't working either, when I had 100.000 entered for all three - Ordinary, Short-Term, and Long-Term.
I have now tried leaving the 'Ordinary' and the 'short-term' boxes blank and entering 100.000 only in the 'Other' 'Long-Term' box. That put the capital loss only on Sch K-1 in box 11 with a Code D. Not sure if the loss is also supposed to be shown in full on 1041 page 1. Currently, my 1041 line 4 is $-3,000.
Thank you!