DavidD66
Expert Alumni

Get your taxes done using TurboTax

I'm sorry I didn't see your question sooner.  There is an explanation for why you had a net long-term gain of  $165.  You are not factoring in your "Capital gain distributions" on line 13 into your calculations.  The amount on line 13 is the amount of long-term capital gain distributions reported by mutual funds.  It is reported on line 2a of Form 1099-DIV. For 2024, you reported long-term losses on Form 8949 of $5,452.  You had long-term capital gain distributions (line 13) of $5,617.  When you combine the loss of $5,452 and the gain of $5,617, you get a net long-term capital gain of $165.  The numbers work out similarly for your 2025 example.   

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