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Topic: taxes
our club had a long term capital loss this year. when
trying to do my taxes i get a message error on HR block
software that states that i cannot e-file when my K1 has a 0
on three lines which we do with the capital loss. if i
paper file the federal then i have to for NY state and they
charge 25 dollars to do that. can i leave the K1 off my
taxes since it would only favor me anyway or am i taking a
chance of getting audited. i don't really want to paper
file or pay the 25 dollars, but i will if i have to.
On Wed, Feb 29, 2012 at 12:51 PM, Frank Gleichauf wrote:
our club had a long term capital loss this year.  when
trying to do my taxes i get a message error on HR block
software that states that i cannot e-file when my K1 has a 0
on three lines which we do with the capital loss.  if i
paper file the federal then i have to for NY state and they
charge 25 dollars to do that.  can i leave the K1 off my
taxes since it would only favor me anyway or am i taking a
chance of getting audited.  i don't really want to paper
file or pay the 25 dollars, but i will if i have to.

Hi Frank,

About all the advice anybody would be able to give you is that you are responsible for reporting your taxes correctly.  

Laurie Frederiksen
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