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Get your taxes done using TurboTax
I suspect that your total through 8/31/2024 exceeds the total TT prepopulated by the amount of sales and local taxes (SALT) that exceeds the $10,000 allowable limit.
If you actually paid more than $10,000 in sales and local taxes by 5/31/2024, do not enter any sales and local taxes for 8/31/2024.
The capital loss carryover may be divided by 12 and allocated over each month.
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March 20, 2025
9:48 AM