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Capital Gains not calculating correctly

I have entered all the Barter Exchange Transactions and triple checked my numbers.  What I have entered matches exactly to the 1099-B I received.  However, at the income summary screen of TurboTax the Capital Gains and Losses category is over by over $55,000. 

 

I have tried entering every transaction manually and also tried doing a summary of each category without any luck..

 

EDIT:  After removing all 1099-B information so there are no listed stock sales, in the income summary it still says there are $55,000 in capital gains.

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3 Replies

Capital Gains not calculating correctly

we can't see your return, source documents or return entries.  could you have received capital gain dividends of $55K on 1099-Div line 2a of the form in error?  have you reviewed the actual schedule D, because the line containing the extra $55K should be apparent then you can track it back to the source which would likely be the 1099-B worksheet

vetsurginc
Returning Member

Capital Gains not calculating correctly

I'm having a similar problem.  Working on an 2020 Apple MacAir running Monterey.  Doubleechecked entries for proceeds and cost basis which totals out a realized gain of $18666.00  But on the personal income summary the program shows $130.939!

 

There is a glitch running here somewhere.

MoniqueLO_
Intuit Alumni

Capital Gains not calculating correctly

Please feel free to contact Customer Support so you can speak with someone who can assist you.

@vetsurginc

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