Hi,
I sold a rental property in 2024. When filling the CA tax, I noticed that the capital gain from the property sale is being counted twice:
Once from "Sales of Business Property (Schedule D-1)"
And once from "Home Sale Worksheet"
(Please see the attached screenshot for details.)
I’ve done some research but couldn’t figure out why TurboTax is pulling in the same gain twice, and there doesn't seem to be an option to edit or remove either entry.
I have tried to manually delete form D-1 but Turbox tax will add it back automatically.
Could someone please help advise how to fix this double-counting issue?
Thank you so much!
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The sale gain is reported on the first line of your screenshot, then any exclusion on the second line, and the total on Schedule D on the third line.
Once you report the rental sold in the Asset section under rentals, you don't need to report it again under Sale of Business Property. If you think that's what happened, here's How to Edit or Delete Sale of Business Property.
If you had stopped renting for a period before selling (to do repairs/improvements), then you would indicate in the rental section 'converted to personal property', and enter the sale under Sale of Business Property.
Hi MarilynG1,
Thank you for the kind the response . I will give a try.
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