schwarcz
Returning Member

California Sched CA capital gains treated as a subtraction (WRONG!)

Windows version of 2024 Turbotax treats capital gain incorrectly on the California return.

Sched CA line 7 shows Fed cap gains as a subtraction when cap gains are taxed at normal state rates.

 

The result of this bug is that California income taxes are seriously underreported.  I seem to recall that this bug existed as far back as Turbotax 2022.

 

I tried reporting the bug to Turbotax support, but they blew me off.

 

Come on Turbotax.  You can and should do better.