After following the step-by-step process in entering long-term and short-term summary capital gains transactions, Turbo Tax has decided the long-term gains were from sale of assets located in Oklahoma. No where have I indicated that they were.
In the step-by-step process on the State Taxes tab, I come to a screen that is titled Summary of Oklahoma Capital Gains and Losses. Only the long-term line item shows. After clicking the Edit button, a new screen, Oklahoma Capital Asset Location and Type appears, asking for more information. I've tried checking/not checking the This property does not qualify for exclusion box, and it doesn't make a difference in the end result. I click Continue, and a prompt comes up that says "It looks like you either inherited the property at From Schedule D line 8a or entered "various" as the date acquired. Oklahoma requires that you enter a date."
1) There is no date, because this is a summary transaction.
2) This gain is not from Oklahoma assets.
3) Why did TurboTax only choose the long-term summary transaction to label as Oklahoma-related?
4) There is a long-term loss carry over from 2023.
Any thoughts on a work around? The way I understand it, if the sold property was not in Oklahoma, I shouldn't even have to file Form 561. It needs to go away.
Thanks!
