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Old 04-12-2005, 07:57 PM
Brian
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Default Re: dynamic updating in turbotax

Ted Evans wrote:

- quote -

> Can someone tell me how to get turbotax to dynamic update
> when changing the capital gains/losses data? It was doing
> it for a number of entries and then it stopped and the tax
> due never changes now no matter how I change the data.


Are you sure that you are not in Alt Min Tax? That would
cause changes in input to not change the tax due.

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Old 04-12-2005, 07:57 PM
Bob Sandler
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Default Re: dynamic updating in turbotax

- quote -

> Can someone tell me how to get turbotax to
> dynamic update when changing the capital
> gains/losses data? It was doing it for a number of
> entries and then it stopped and the tax due never
> changes now no matter how I change the data.


When you posted this question in the TurboTax Support Forum
you added "It changes when income is changed but not when
capital gains are changed."

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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  #-1  
Old 04-11-2005, 06:13 PM
Ted Evans
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Posts: n/a
Default dynamic updating in turbotax

Can someone tell me how to get turbotax to dynamic update
when changing the capital gains/losses data? It was doing
it for a number of entries and then it stopped and the tax
due never changes now no matter how I change the data.

Thanks for your help.

Ted

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

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dynamic, turbotax, updating
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