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Gus
Level 1

Sold a second home in Florida, why does TurboTax say I have to pay capital gains in michigan

I sold my home in Florida and received capital gains.  Turbo Tax is reporting these capital gains on my Michigan Form 8949.  But when I read the instructions for MI Form 8949 it specifically says that "gains from the sale of non-business property in another state are not subject to tax."  So how do I remove this capital gain from my MI state taxes?  There is a place where I can zero it out - is that all there is to it?

 

Thank you,

GV

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KrisD15
Expert Alumni

Sold a second home in Florida, why does TurboTax say I have to pay capital gains in michigan

You should have been shown a screen to adjust for the capital gain on the Michigan state return. 

 

 

 

 

 

 

 

 

 

 

 

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