RE: Using EASY STEP Premiun Edition - auto calc of Capital Gains Losses I entered T5008 all boxes and checked Captial gain. TB says I owe $2K I then, later on in the process, enter same info on TB "Capital Gains Losses" sheet to use last year losses to reduce taxes, and then TB says I owe $ 4.6 K ??? DO I REALLY have to enter the Proceeds of Dispositon (gain ) and Book Value twice -- seem like that doubles my tax owed ????
You enter the 2017 T5008 only once, no other entry is required. If you are carrying forward losses from 2016 you will enter those under "Deductions & Credits" > "Losses" and "Net Capital Loss carry forward.