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February 28, 2025
Question

MS state taxes turbotax errors on capital gain and on estimated tax payments

  • February 28, 2025
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I reported these two software errors on the MS state income tax forms a couple of weeks ago, but they have not been corrected yet. I am having to override the entries. I am losing confidence in Turbotax...

 

First, the capital gains are figured correctly on the capital gains smart worksheet but are not carried over to line 40 on form 80-105. Because I knew capital gains are taxed in MS, I caught this mistake. 

 

Second, on form 80-320, the estimated tax payment for 15th of 4th month is not carried over to line 6(a). When I saw a penalty assessed, I realized something was wrong and found this error.  I have used override to make the correct entry. 

 

I am disappointed that I am having to double check my tax forms for TurboTax mistakes.  And then, after reporting the mistakes, the errors are still not fixed.