sjrcpa
Level 15
05-04-2021
03:29 PM
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OK. I think they are unrecaptured 1231 losses. That is, in 2018 there were net 1231 losses. They get carried forward for 5 years to offset any 1231 gains (ie to make them get treated as ordinary gain and not capital gain) Where would you enter these if you had a new client?
Is there a carryover section?
Is there a spot in the Schedule D section?
I don't use ProSeries so I'm guessing.
8582 is the passive loss carryover form. These do not belong there.
The more I know the more I don’t know.