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brandone
March 10, 2025
Question

TurboTax is incorrectly calculating "net capital gains" for the New Mexico Net Capital Gains Deduction

  • March 10, 2025
  • 1 reply
  • 0 views
TurboTax is incorrectly calculating "net capital gains" by excluding short-term capital gains but the State of New Mexico says short term gains HAVE to be included, how to fix this?

    1 reply

    SusanY1
    SusanY1
    March 18, 2025

    New Mexico instructions tell us to include short term capital losses but not short term capital gains.  Are you seeing something different in your TurboTax? If so, can you provide a little more detail about what you're seeing, what you expect to see instead, and where so that we can better assist?

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    B
    brandoneAuthor
    March 19, 2025

    Disregard, I posted by accident.

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