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Level 1
posted Mar 10, 2025 2:39:15 PM

I believe that Turbotax is incorrectly calculating my Capital Gains.

I have only one 1099-B which shows a capital loss of $27 but "See my Capital Gains" shows a gain of $519. How can I determine where that is coming from? Where can I see where it thinks that the gain is coming from?

0 1 1044
1 Replies
Level 15
Mar 10, 2025 2:57:40 PM

Do you have any capital gain distributions in box 2a of a Form 1099-DIV? That is included in your total capital gains.


Look at the actual tax forms, not the summary screens in TurboTax. Look at Schedule D to see all of your capital gains.