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Deductions & credits
Let's fix your return. It wants you to complete form 561 for capital gains but the form is not in your list. Capital gains can be reported with 1099-DIV in box 2a. Ok, let's get you to the error to see if you should exclude the gains:
- Please go back to your state return.
- Go through the review again
- See the error, Check this Entry Form 561
- A portion of the 561 will be on your screen for you to see a dollar amount
- A pink box may be highlighted on the right side saying gain or loss
- On the far left, in a tiny column, is a little box, check it to exclude the gain, if it should be excluded.
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March 10, 2021
4:19 PM