Is the Capital Loss Carryovers from 2023? Better double check your 2023 return and Schedule D. Maybe the IRS doesn’t have the carryovers in your account. And the imports might have imported wrong, that’s common. You have to check the imports closely. Or the IRS could have changed something other than investments on your return. Did they say what was wrong?
And check the 2024 Schedule D. Does it look right? And the amount on 1040 line 7?
Even though the full amount shows up as income on the 1040 as income, if you have capital gains or qualified dividends the tax is not taken from the tax table but is calculated separately from schedule D. The tax will be calculated on the Qualified Dividends and Capital Gain Tax Worksheet. It does not get filed with your return. In the online version you need to save your return as a pdf file and include all worksheets to see it.
