2024 TurboTax T5 Box 34 Override Not Clearing

[marmour07]

 I mistakenly did an override for Box 34. When I say clear it in the Warnings. It says it still exists. If  I delete the T5 slip the error still exists. I had to go to Forms, Find Override, and clear it. Only then did it remove the value on the Schedule 3 form. Please correct in the next update.

[marmour07]

Updated original comments. Cant delete this post reply so just updating to remove comments.

[TurboTaxSusan]

Our development team is working on fixing the LOSS form, Schedule 3 and other related forms ASAP. 

In the meantime, if you are trying to estimate your taxes payable, use the old 50% capital gains rate, as the two-thirds new rate will no longer apply for 2024.

Thank you for your patience.

[marmour07]

Hi Susan, ok thanks. Just to clarify. It seems that if I input Box 34 on the T5 input line this causes TurboTax to think its an override even though I didnt do one. Hope this helps clarify this issue.

[TurboTaxSusan]

Yes. At the moment they are working on changes to all capital gains related forms and worksheets, and a new update should be available by the end of the week. This issue will likely be fixed at the same time.