bodyworkbydawn-y
Returning Member

Deductions & credits

Thank you for clarifying the special rules that apply to the December 31, 2011.  Turbo Tax needs to add a few more words to this question as you have.  However, you still have not addressed my entire question that Turbo Tax is asking...........

 

Turbo Tax asks, "Enter the "PORTION of the capital gain" from the asset(s) acquired after December 31,2011?"  

 

Assuming the money $30,569 is the "asset" Turbo Tax is referring to how do I answer this question correctly. 

I got this money in one lump sum in October 2021.  I think because I received a one time, one lump sum I should enter the entire amount of $30,569.  Is that correct?  I tried to enter 100% or ALL and it would not accept those letters or numbers.  Do I enter $30,569 in the box? 

 

By the way,I see an asset as a thing like a car or a house and money as something separate.