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March 12, 2024
Question

How do I change capital gains allocation for a partial year return from allocate by date to allocate by residency percentage?

  • March 12, 2024
  • 1 reply
  • 0 views
Two states, California and Massachusetts. When filling out the CA info I had to touch every transaction, but I cannot discover how to go back to redo some (most) of those edits.

1 reply

March 19, 2024

To make changes to your allocation:

  1. Open your CA return.
  2. On the screen Your 2023 California taxes are ready for us to check, scroll down and select Edit next to 
    Income and adjustments.
  3. On the screen Income and adjustments, select continue. TurboTax will divide your income between CA and MA 
  4. Continue and make the changes.

 

Allocate Unearned income such as interest, dividends, capital gains, social security, and IRA distributions to the state you were a resident of when you received it. 

For more information, select the type of income you need to allocate from the link below and follow the instructions:

How do I allocate (split) income for a part-year state return?

 

 

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