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Get your taxes done using TurboTax
what are you doing? you enter capital gains/losses through a 1099-B worksheet or if your broker partners with TurboTax you can import the info. the transactions then show up on forms 8949. TurboTax sorts out the short and long-term items. the short-term items are then carried to Part 1 of Schedule D and the long-term are carried to Part 2. you should not override entries on schedule D. doing so will prevent you from e-filing.
line 16 is a total/net of lines 7 and 15. if there are net Long-term gains the Long-term gain and qual div wks is generated. if the losses net to short-term and there are no qualified dividends the wks is not generated.
‎February 28, 2021
12:47 PM