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New Member
posted Jun 28, 2025 9:55:33 PM

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
Level 15
Jun 28, 2025 10:16:35 PM

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

Level 15
Jun 29, 2025 4:51:58 AM

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.