TY24. Calif Form 3805E line 24 bug.
Line 24 (investment sale income) should be line 22 times line 19, but TT does NOT do the calculation. The same calc IS done on Fed Form 6252 (also line 24). Most data from 6252 is correctly carried over to Form 3805E. I did a line 24 Override on 3805E to fix the error so the bug will not prevent me from filing. However, this bug did not exist before. I'm several years into an Installment Sale and it's always worked correctly since the sale in 2020.
Thank you.
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I have not encountered or been informed of any issues with California Form 3805E.
In order for us to troubleshoot this issue, you can send us a “diagnostic” file that has your “numbers” but not your personal information. If you would like to do this, here are the instructions for TurboTax Desktop users:
Please also advise whether this issue was with a PC or a Mac version.
I am experiencing the same issue as the Original poster, except mine has been correctly handled since the 2019 year of sale.
My computer is a MacBook Pro (Apple silicon) running 15.1.1 (24B91).
In a test return, info entered into Federal return, reported on Form 6252, was carried over to California Form 3805E. The totals on Federal 6252 matched CA Form 3805E.
However, CA Form 3805E returns errors for having lines 5, 8, and 9 filled out and says they should not be (only for year of sale). When going through the Review, these errors came up, but I was able to Continue past them.
As long as the correct income for 2024 is reported (Line 24 on both forms), it should not be an Efile problem, but I will report this issue and post again with any new info.
If you want to send us a diagnostic file, follow these instructions:
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TurboTax Desktop/Download Versions:
*(If using a MAC, go to the menu at the top of the screen, select Help, then, Send Tax File to Agent”)
I'm having the same issue as described. It all flows through properly from the 6252 to the 3805E but does not calculate the Installment Sale Income (Line 24). Line 24 is blank and should not be. Therefore the Schedule CA subtracts out the reportable gain improperly. This is definitely a bug in the California program. I'm using a Mac.
Turbo Tax's response to my original post 3 weeks ago was to file a "diagnostic" file. I chose not to do that, hoping that TT would fix the bug. They didn't, as of today. I'm relieved that other users have experienced the same 3805E bug on line 24 so I know that the problem was not something I did. Solution: I used "override" on line 24 to insert the correct value. That seems to solve the problem. Thanks. SB
TT California update came out today fixing the problem.
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