My 1099B has 2 total lines for Long Term Capital Gains: NET Long Term Capital Gains and losses, and SALES PROCEEDS AND NET GAINS AND LOSSES. Which do I enter in TurboTax?
Both have boxes 1a-1g but they are different amounts on each line. Turbotax doesn't clarify which to line to enter just "Sales total."
01526
1 Replies
ThomasM125
Expert Alumni
Apr 14, 2025 8:24:31 AM
You need to enter proceeds and cost basis for investment sales. I'm not sure how that is listed on your Form 1099-B, but the sales proceeds less the cost basis would give you the net gain on sale. Those are the amounts you need to enter in TurboTax.