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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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- I am using form 1099B to report Crypto losses from 2022 with rollover. There is an error since the sell date is 2022 not 2023. How can I fix this?
I am using form 1099B to report Crypto losses from 2022 with rollover. There is an error since the sell date is 2022 not 2023. How can I fix this?
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Sfarris1
Level 1
03-11-2024
11:13 AM
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The sell date was 2022 and a loss of $3000 was taken in 2022 but the total loss was over $14,000 so they should be able to take the max loss again this year.
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IRonMaN
Level 15
03-11-2024
11:27 AM
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The loss would be reported in 2022. Any unused loss would roll over and be available for 2023. You don't report the same sale in multiple years to get the loss.
Slava Ukraini!
Sfarris1
Level 1
03-11-2024
11:32 AM
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Ok. How can I get the rollover to show up then? Should I use the over ride checkbox on line 7 to manually enter it?
Just-Lisa-Now-
Level 15
03-11-2024
11:38 AM
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If you prepared 2022 it should rollover automatically and youd see it on the Carryover worksheet as well as Sch D.
If you didnt prepare 2022, youd look at the Sch D to see how much was left to carryover to 2023 and youd enter that on the Federal Carryover Worksheet.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
