Question
Form 1040 Schedule D
I have a client with a reported amount on form 1120S K-1 line 10H that according to the IRS regulation should be reported on the 1040 Schedule D line 12.
However, the tax program does not flow this amount to Schedule D Line 12 and the only I can resolve this is by overriding the amounts, which prevents me form filing electronically.
Has anyone experienced this problem and how was it resolved?
Thank you
LC
