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New Member
posted Feb 23, 2025 9:56:28 AM

My short term capital gains is showing a large difference, more than rounding would explain. Should I just continue?

Turbo taxes shows 101 capital gain; my 1099 B shows 15 loss.

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1 Replies
Expert Alumni
Feb 23, 2025 10:12:39 AM

Are you accounting for capital gain distributions?  Capital gain distributions are reported on line 13 at the bottom of page 1 of Schedule D Capital Gains and Losses.

 

Recommend that you review Schedule D Capital Gains and Losses and capital gains entries listed on IRS form 8949 Sales and Other Dispositions of Capital Assets.

 

In TurboTax Online, you may print or view your full tax returns prior to filing after you have paid for the software.

 

  • View the entries down the left side of the screen at Tax Tools.
  • Select Print Center.
  • Select Print, save or preview this year's return.

Short-term capital gains are reported in Part I of the form.