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Level 2
posted Feb 28, 2021 2:55:53 AM

Capital Gains and Losses shows different value in Turbotax 2020

I am using TurboTax Basic 2020 (2021-02-27 update), and I see a different value of "Capital Gains and Losses" in two different pages.

 

In the "Your 2020 Income Summary" page, it comes up as I expected (e.g., "$5,000").

 

However, in "Here's a Picture of Your 2020 Income", it is showing up almost twice as expected (e.g., "$10,000"), which causes the "Total Income" to be higher than expected.

 

The other lines ("Wages and Salaries", "Interest", and "Dividends") show the correct values.

 

This seems to be a bug. Anyone experiencing the same?

 

Hong.

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1 Replies
Level 2
Mar 12, 2021 6:35:39 PM

This turns out to be my mistake.

 

The numbers are actually correct. I didn't count the capital gains from 1099-DIV.

 

Hong.