information of my federal k1(1020-s)
the information in box 1 is -8304
The information in box 8a net long term capital gain is 14,557
When I put it all in, it gives me a gain of 14,557.
Would not the gain be offset by the loss so it would be a gain of 7011.
On the state k-1 which is Ohio, it already does that so it says the total taxable income is 7011
but my federal does not do that.