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Level 2
September 24, 2024
Question

entering Sec 1244 stock loss in 1040

  • September 24, 2024
  • 2 replies
  • 13 views

Where do I report the Sec 1244 stock loss so it is reported as ordinary loss?

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2 replies

Intuit Community Champion
September 24, 2024

When you are in the 1099B worksheet, double click in any field, and another worksheet will popup. The box to check for 1244 ordinary loss is near the bottom of worksheet

Level 2
February 7, 2025

The 1244 loss limitation of $50,000/$100,000 is not applied to the loss.  Should only see $50,000 amd the rest as capital loss.  How to override.