I live in Arizona and I use TurboTax Premium. I entered all the information and turbo tax verified both federal and AZ return cleared with no errors. And I am about file it. However while reviewing AZ part of the return, Turbotax said ...
- You have a total of net long term capital loss of -$22,263 (Note that it is a negative number shown by turbotax)
And provided a box asking me to 'Enter the portion of gain or loss from assests aquired after Dec 31st, 2011"
My situation is like this ...
- I did not own any stocks prior to Dec 31 2011 at all
- So nor do I have any loss or gain prior to that date.
- I started living in Arizona from 1st of Jan 2021
- So I just reentered the same number "22,263" (positive number)
A) Pl. clarify if that is corrrect?
B) And whether I should enter negative number or positive. BTW, pl. note that TurboTax displayed a negative number like I mentioned above.
C) Why is it asking so old date details now and what is it used for duing the IT return process.
Pl. help.
regards
