I am working on a 2017 draft federal tax return. Had a sale of a rental property, but when I put it in, nothing is showing on the amount for taxes owed. Any reason why?

[yummysalsa]

Is this feature (tax calculator) not working for capital gains yet?

[xmasbaby0 · Accepted solution]

There are still a lot of updates that will be coming for the 2017 software.  Many IRS forms are not finalized; thus, TT cannot finalize those forms in the software yet.  You will have to re-visit that section later.

[SweetieJean]

and Congress is still working on possible tax law changes..  You cannot file your tax return until almost the end of January, so please be patient.

[yummysalsa]

Thank you.  I was just trying to get a "guesstimate" on my taxes owed, but I am guessing I am too early to be doing so.  🙂

[TaxGuyBill]

Have you also entered all of your other estimate income?  It not, you need to do that before TurboTax could calculate taxes owed.