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Level 3
May 20, 2020
Solved

How do I enter a portion of a loss as ordinary

  • May 20, 2020
  • 10 replies
  • 38 views

footnote to 1099 B lists portion of unadjusted loss as ordinary, how do I report this portion

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Best answer by tjmom2

loss from two transactions is 5186 of which 3377 is ordinary, no other info. provided  Hope I am answering your question....


Figured this out thanks for the comments....

10 replies

itonewbie
Level 15
May 20, 2020

Some context about the segregation?

---------------------------------------------------------------------------------Still an AllStar
tjmom2Author
Level 3
May 20, 2020

1099b  lists an unadjusted loss of 2714 and then in a footnote lists 2073 of it as ordinary.  The client has previous carryforward losses and I'm not sure how to designate the portion of ordinary loss for this year

 

tjmom2Author
Level 3
May 20, 2020

stock sale