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Long term capital loss seem incorrect.
For 2022 through tax harvesting, I have a Short Term Capital Loss of $11,676.49 and Long Term of Capital Loss of $27,891.50. This is the only 1099-B I have and other capital loss/gains.
When I check Turbotax's Total Capital Losses section, it only show total lost of $12,087. When I check the 'How was my capital loss of $12,087 calculated?" The message is "This is the sum of your net short-term capital loss of $11,678 and your net long-term capital loss of $409."
The short term loss seem close enough, but how is long term loss only $409? I can't seem to find the answer anywhere.
Resolved: I had Capital Gain Distribution in 1099-Div was offsetting the long term loss.
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posted
April 10, 2023
11:05 AM
last updated
April 10, 2023
12:13 PM
1 Reply
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Long term capital loss seem incorrect.
Glad you solved it! Full speed ahead.
April 10, 2023
8:55 PM
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