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Level 1
September 23, 2021
Question

I have a total of $710,271 in short and long term losses. Why does line 7 of my 1040 indicate a loss of only $3,000???

  • September 23, 2021
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1 reply

IRonMaN
Level 15
September 23, 2021

Based on the sophistication of that question I'm thinking you might be looking for Turddotaxx.

Tax Discussion Forum: Federal Tax Q&A | TurboTax® Support (intuit.com)

Slava Ukraini!
George4Tacks
Level 15
September 23, 2021

 It is because it is the right thing to do. 

Answers are easy. Questions are hard!