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    gcuncliff's Avatar
    gcuncliff Posts: 25, Reputation: 1
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    #1

    Feb 15, 2009, 09:01 PM
    1040 line 13
    I''m writing in a loss on line 13 of 1040. Do I put it in with a negative sign? If the answer is no then how do I put it in that it won't be included in my total income?
    anthony_bu's Avatar
    anthony_bu Posts: 12, Reputation: 1
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    #2

    Feb 15, 2009, 10:47 PM

    If it is a loss, then put () around the numbers. This is how to record negative number in finance format. For example, a $123.45 loss will be (123.45) on this line.
    And then at line 22, when doing the summation, you can take this amount out.

    Anthony Bu
    IRS VITA, SPEC area 3
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Mar 5, 2009, 03:58 PM
    What Anthony says about parentheses is true.

    However, you can also list it with a negative sign with no problems. That's how the TaxAct software lists negative figures on its computer-generated tax forms.
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