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dy242424
New Member

I have a 1099-Div and need to enter long term capital gain into form 8949 but TT wont let me generate the form. any advice?

 
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2 Replies

I have a 1099-Div and need to enter long term capital gain into form 8949 but TT wont let me generate the form. any advice?

What version are you in?  You need to use Online Premium to enter captial gains.      Did you get a 1099B for the capital gains? 

 

Enter a 1099 B under
Federal Taxes on left or Personal (Home & Business)
Wages & Income 
Then scroll down to Investment Income
Then Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) - click Start
Then click +Add Investments at the bottom

Hal_Al
Level 15

I have a 1099-Div and need to enter long term capital gain into form 8949 but TT wont let me generate the form. any advice?

If, by "enter long term capital gain", you mean you want to enter the total capital gain distribution from box 2a of the 1099-DIV, you can not do that in the free edition of TurboTax (TT). You will have to upgrade.

 

In TurboTax (TT), enter at:
- Federal Taxes tab (Personal in  Home & Business)

 - Wages & Income

Scroll down to:

-Interest & Dividends

  - Dividends on a 1099-DIV

 

A capital gain distribution, shown in box 2a of a 1099-DIV, is NOT entered on form 8949.  It goes on line 13 of Schedule D.  In TT, it gets there just by entering the 1099-DIV.  Even though it is on this special line, it still gets combined with other capital gains and losses, shown on form 8949 and Schedule D for the special capitals gains tax treatment.

 

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