Yes, the line 7 amount is the net of all capital gains and losses, subject to limitations that are on your return. This includes:
- Capital gain distributions from box 2a of 1099-DIV.
- Capital gains or losses from Schedule K-1.
- Capital gains or losses from Schedule D.
- Capital loss carryovers from prior years.
- Gains or losses from the sale of business assets.
Check your Schedule D, line 16 for the total and the details on the first page of Schedule D.
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