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billfence
April 6, 2025
Question

Computing WA state capital gains tax

  • April 6, 2025
  • 1 reply
  • 0 views

Hi:

 

I have capital gains tax that is a little over the 270k deduction. However, Turbotax WA State says I owe 0 tax. Did it compute the capital gains tax and arrive at 0 or did it not do the WA capital gains tax?  It is not clear if it did or did not. I have the Turbotax Premier edition. 

 

Thanks. 

    1 reply

    KrisD15
    KrisD15
    April 6, 2025

    TurboTax will only provide a Washington State return to apply for the Washington Working Families Tax Credit, it cannot report your Washington Capital Gains. 

     

    HERE is a TurboTax link with more information 

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