I created a paper return for my son. It is the first time he has ever filed. He has no income (NO W-2) at all but he had a capital loss in his UTMA that I want him to be able to carry over in the future.
I have looked at the MI 1040 that was output by Turbotax Deluxe Desktop and I cannot find any place for him or me to sign it. I have look top, bottom and middle. Can anyone please help me?
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Should be at the bottom of page 2
THis is really odd...here's the Page 2 of my Michigan 1040 'for filing' that was created by Turbotax...
Oh I wonder if Turbotax created a version for e-filing. Because when I look at the PDF 'For my Records' the signature block is there.
@ClockerXP What you have shown is an IRS Schedule D that is included with the federal tax return.
Yeah...it's weird. That is the 2nd page after the Turbotax Cover/Instructions page for my State return created by Turbotax. Actually there are none of the typical pages shown at the beginning of a MI1040. I wonder if the fact there is no W-2 is causing an issue.
That is Schedule D
Did you file a federal return for your son? That Schedule D would have been included.
You might need to try to print the Michigan return again.
It's not required to file a state return, just to carry forward a capital loss. You only need to file a federal return. And, It's debatable if a federal return is even required.
Oh that definitly sounds like a rational explanation. It does make sense that a State return is not needed because State probably just feeds off the data in the Federal return.
That said, I would like to file the Fed return just so I can get the capital loss into a TurboTax TXF file he can import in a future year. The Fed return appears as expected so I will file it via mail (efile not allowed for him).
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