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Level 1
February 21, 2023
Question

How do i enter Iowa capital gain exclusion

  • February 21, 2023
  • 1 reply
  • 4 views
sale of farmland for Iowa capital gain exclusion.   how do i enter?
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1 reply

Level 5
February 21, 2023

Not sure about Iowa but for Colorado there is a Qualified Asset box at the bottom of the Dispositions screen in Lacerte for the cap gain subtraction. Watch your state forms, sometimes I have to adjust my entries for correct reporting on the CO forms.