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billfence
New Member

Computing WA state capital gains tax

Hi:

 

I have capital gains tax that is a little over the 270k deduction. However, Turbotax WA State says I owe 0 tax. Did it compute the capital gains tax and arrive at 0 or did it not do the WA capital gains tax?  It is not clear if it did or did not. I have the Turbotax Premier edition. 

 

Thanks. 

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1 Reply
KrisD15
Expert Alumni

Computing WA state capital gains tax

TurboTax will only provide a Washington State return to apply for the Washington Working Families Tax Credit, it cannot report your Washington Capital Gains. 

 

HERE is a TurboTax link with more information 

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