The answer should be No.
We are not sure which product you are using to reproduce the issue, or what property are you disposing of. However, here is an example using TurboTax Online:
If you use the correct proceeds and the adjusted base cost boxes, you will not report any capital gains on Line 12700.
I hope this was helpful
alan-h-han
New Member
namor
New Member
bacalder
New Member
Smorgy
New Member
jenniferfarrell7
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.