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1099-B Turbotax calculation?
I downloaded the two 1099-B's Capital Gains/Losses from my Brokerage.
- Short Term values were $33,727 loss and +$44gain, so together a total Net Realized Short Term LOSS of $33,683
- Long Term values were $0 and $4,436, a net $4,436 gain
- I know short term and long term are treated and taxed differently)
QUESTION: why did Turbotax entered the Capital Gain/(Loss) in 2020 as only -$22,215 .. seems a long way off?
P.S when i click on the update button to check the entries Turbox tax also says "the IRS is still working on finishing up the Schedule D for 2020".
‎February 15, 2021
10:26 AM