"Hello World" <Nowhere[at]Nowhere.com> wrote:

- quote -

Since the gummint ran Miss Cleo out of business, some
context would have helped, but I'm going to take a wild stab
that you're doing the capital loss carryover worksheet. If
not, please tell us what you're doing.

On line 6 of the worksheet you're working toward allocating
your carryover between short-term and long-term. If line 16
of your 2003 Schedule D was a gain, enter that amount.
Otherwise, leave it blank. Note that you'll deal with a
loss on line 16 after line 8 of the worksheet.

--
Phil Marti
Clarksburg, MD

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Hello World wrote:

- quote -

As line 16 cannot have a negative number in it, what's the
difference?

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Hello World wrote:

- quote -

Meaning 2 - positive number (gain) or NOTHING.

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Logic would indicate that if they want you to enter your
gain from line 16 you shouldn't enter you loss from line
16, just gain.

ed

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"Hello World" <Nowhere[at]Nowhere.com> wrote:

- quote -

If it says "Enter any gain...", how can there be a negative
number? A gain is always positive.

Wayne Brasch, CPA, M. S. Taxation

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What does "Enter any gain from your 2003 Schedule D, line
16" mean?

Meaning 1: Just enter the value from 2003 Schedule D, line
16. If line16 is a positive number enter a positive number;
if line 16 is a negative number enter a negative number.

Meaning 2: Enter the value from 2003 Schedule D, line 16 if
it is a positive number. If line16 is a positive number
enter a positive number; if line 16 is a negative number
enter zero or leave blank.

I think Meaning 1 is correct, but want to check.

After all, if they wanted Meaning 1, then they could have
just said "Enter the amount from your 2003 Schedule D, line
16".

Thanks.

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