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Deductions & credits
Thanks for your response.
I just tried this:
I input a $10,000,000 capital gain on a cryptocurrency. The federal tax liability should be $0 for a bona fide Puerto Rico resident, but the software is showing a $4mm+ federal tax liability. This is categorically WRONG. (The capital gains liability is due to the Hacienda of Puerto Rico, not the IRS.)
What should I do? Should I report it as a software error? Or should I input the information in a way that computes the correct tax liability?
January 4, 2024
11:49 AM