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Level 2
posted Mar 18, 2024 4:07:19 PM

How to exclude foreign income from state in TurboTax?

I have some capital gains from selling a property in foreign country this year. It's subject to Federal tax, but not state. In TurboTax, how can I make the adjustment for NY filings? Which specific items? 

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1 Replies
Expert Alumni
Mar 18, 2024 5:53:11 PM

If you're using TurboTax Desktop, in FORMS mode, go to the New York Allocation Worksheet, where you can adjust the Federal Capital Gains amount. 

 

 

amount.