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New Member
posted Mar 9, 2025 8:22:33 PM

TurboTax is incorrectly calculating "net capital gains" for the New Mexico Net Capital Gains Deduction

TurboTax is incorrectly calculating "net capital gains" by excluding short-term capital gains but the State of New Mexico says short term gains HAVE to be included, how to fix this?

0 2 1743
2 Replies
Expert Alumni
Mar 18, 2025 4:17:12 PM

New Mexico instructions tell us to include short term capital losses but not short term capital gains.  Are you seeing something different in your TurboTax? If so, can you provide a little more detail about what you're seeing, what you expect to see instead, and where so that we can better assist?

New Member
Mar 18, 2025 5:19:35 PM

Disregard, I posted by accident.