Ted Evans wrote:

- quote -

A piece on the news yesterday referred to this "instant
updating" effect as a means of personal elation and
gratification.

Let me guess. Each sucessive stock loss you input doesn't
change. That's cause you're limited to only 3M$ loss per
year.

ChEAr$$$,
Harlan Lunsford, EA n LA
11 Apr 2005
4 days and counting...... down.....\

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- quote -

The dynamic updating is always on. Do you have a net capital
loss (Schedule D line 16) of more than $3,000 when all your
capital gains and losses are combined? If so, you can't take
the entire loss this year. The amount over $3,000 has to be
carried over to future years. So if the additional capital
transactions that you are entering are not reducing your
total net loss below $3,000, then this year's tax is not
going to change. That could be why it looks like TurboTax is
not updating.

The limit is $1,500 if you are married filing separately.

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When I first started inputting my capital gains/losses,
turbotax was dynamically updating the taxes due. Now nothing
changes no matter what I do with the schedule D form. Is
there an option for setting the dynamic update feature? I
closed the program and restarted but no change.

Thanks

Ted

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