I was starting to work on my 2018 return and noticed that I had no LPP losses on record to carry forward from previous years.
So I re-filed my 2017 return and entered in my losses under capital gains/deductions with the "Listed Personal Property" option, so that they would be on record and carry forward for 7 years (and show in future years in TurboTax to use).
I took a look at MyCRA after the re-filing went through and noticed the updated return shows a $1 dollar profit for Listed Personal Property (original return had $0). To clarify - I had no profits for LPP - just losses - but the system made it a $1 profit.
My question: Does TurboTax add $1 by default if you enter any kind of record (profit or loss) for LPP - since the system only accepts gains? In order for losses to be recorded, a "gain" has to be into the system for it to work?
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