Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Lacerte Tax
- :
- Lacerte Tax Discussions
- :
- Schedule D incorrectly calculating
Schedule D incorrectly calculating
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
JenG
Level 1
yesterday
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Has anyone else had this?
Schedule D, with a ST transaction that has an accrued market discount, the system is putting the correct number on column h line 1b, but line 7 is not including the market discount in the calculation. So I have -24,000 on line 1b, but line 7 is showing -20,000
Labels
2 Comments 2
sjrcpa
Level 15
yesterday
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Sounds correct. The market discount should be interest income on Sch B.
The more I know the more I don’t know.
JenG
Level 1
yesterday
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Well, yes - the market discount is going to Sch B, but the total on Sch D is incorrect. Only in ST, it looks like LT is accurate.
