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Level 2
posted Jan 4, 2025 11:27:09 AM

After entering tax info and a capital loss carry-forward for turbotax 2024 - final tax payable: OVERFLOW!?

This is certified tax software!? It says OVERFLOW as the final tax payable! This happened after I entered a capital loss carryforward, the AMT calculated (which is wrong with the exemption at 40k) shows OVERFLOW everywhere and the final tax payable shows as OVERFLOW.

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1 Replies
Moderator
Jan 4, 2025 11:33:22 AM

This issue has been reported already. At this time, some CRA forms are still being reviewed by them for the 2024 tax season, which could explain why some calculations are not done correctly or do not appear. As soon as they are ready, TurboTax will be updated accordingly.

Thanks for choosing TurboTax.