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Level 3
posted Sep 21, 2021 5:05:28 AM

Iowa Capital Gains/Loss Worksheet- Need a EXCLUDE All checkbox

Need a checkbox to include ALL capital gains/losses.  I have hundreds of sales from mutual funds and ETF's and must go through and check each one as to EXCLUDE.  Laborious!!!  Premier Desktop

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3 Replies
Level 15
Sep 21, 2021 2:31:23 PM

Are you an Iowa resident? How, exactly, did hundreds of sales get transferred from your federal return to your Iowa return?

Level 3
Sep 21, 2021 11:34:10 PM

Texas resident.  I have a Schwab ETF "Intelligent Fund" that makes numerous ETF sales /purchases. Each one of these transferred to the Iowa return individually in addition to capital gains/losses from my K-1's. I went to Forms and just marked them all as exclude.  Fastest way.  I did 14 other state returns primarily for LLC partnerships and didn't have thus happen 

Level 15
Sep 24, 2021 1:55:32 PM

another approach :

e-File Federal only. Print a copy for your records.

 

Then go in and delete the imported transactions.

Review your Iowa state return, the capital gains/losses should be gone.

If not, delete the Iowa return and redo it.