tammie
Level 4

This is not a multi-state; client is a full year resident of Virginia.  He is a new client forming a new Schedule C business.  He purchased several large pieces of equipment for the business and sold some of them at a loss.  I entered the assets in the fixed asset screen on Proseries.  And then entered the disposition date and sales amount in each of the sold assets.  Everything looks fine on the federal side, but on the Virgina tax return, I don't see the losses on the sale of the assets like I was expecting.  I think I must be missing something, but I don't know what.  I appreciate any advice.

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