retasker
New Member

CApital gains counter twice?

I am confused!

When filling out my 2023 return the1099-DIV asks for qualified and non-qualified dividends and capital gains.

When I get to the 1099-B it asks for long tern and short term gains or losses.

 

If I enter everything on the forms as asked for it seems like my capital gains are being added to my income twice.  The total on line 7 of the 1040 is the sum of these two entries.

 

I get a combined statement from my investment company that includes all the information (not separate 1099 forms).

Am I doing something wrong or is this correct???