Hi, I've been using Turbo Tax Premier for well over 10 years, but I've never seen anything like this.
I completed the Federal section via Q&A method, now working on my state (PA). TurboTax is showing a $188,000.00 "capital gain/loss or Coverdell ESA distribution". Where is it getting this from?
We didn't sell any property in 2019, and we don't have a Coverdell (or any) student savings plan from which a distribution was taken.
We own a few rental properties, but they were bought in 2011, and still owned by us. Other than that, we had some CDs mature, which we reinvested into new CDs, and I don't think those count as "capital" gains, and they certainly weren't in an education savings plan.
I don't seem to have the option to remove this, I can only hit a check box that says it's not taxable in my state, but I need it to go away entirely.
Help! Thanks!
