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Returning Member

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?