Welcome back! Ask questions, get answers, and join our large community of tax professionals.

9948

9948

The following diagnostic is generating: The program did not automatically reduce the "oklahoma capital gain deduction" appearing on Form 561 lines 2-4 by the "net section 1231 loss carryovers" flowing to Form 4797, Line 8. If any of the net section 1231 loss carryovers were from "qualified oklahoma property" then the capital gain dedution will need to be reduced by making the approriate adjustments to Form 561, Lines 2-4 in screen 51.041 (codes 32-34).
Comments

I do not know how to resolve the diagnostic as I have tried to enter information without a change to the status of the diagnostic.