TaxGuyBill
Level 15

@lmhenry4 wrote:

I'm showing a small passive loss on the Sch E, but what I'm not showing is the Capital Loss Carryover on line 14 of the Sch.D. If I input it to show there it reduces the gain which already includes the loss, I just can't get it to show on Sch. D. 



Now I'm even more confused.

This is a carryover CAPITAL Loss?  What was previously sold?

A carryover Capital Loss would not affect the gain/loss on 4797, so the gain should NOT "already include the loss".  That only shows up on Schedule D.