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Get your taxes done using TurboTax
Do you have losses to offset your capital gains? Carried over from past years? Did you enter a cost basis or other expenses associated with the capital gain? If so, then only the net amount would be reported on line 7.
If not, double check your entries. If you entered $20,000 and have no losses to offset the gains, $20,000 should show up on your line 7.
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March 14, 2022
2:18 PM