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Paula
New Member

the capital gains income presented is not the same as the net of the entries from the 1099 forms, why would that be different?

 
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2 Replies
BillM223
Expert Alumni

the capital gains income presented is not the same as the net of the entries from the 1099 forms, why would that be different?

I am not sure where you are looking, but qualified dividends are taxed the same as long-term capital gains, so perhaps the number you see is the sum of the two.

 

Also, short-term capital gains are taxed the same as ordinary income, so perhaps the short-term gains were removed from the capital gains number. 

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the capital gains income presented is not the same as the net of the entries from the 1099 forms, why would that be different?

presented where? - check Schedule D.  This will also include any cap gain distributions from funds on 1099-DIV, capital loss carryover from prior year if you have that.  You may have adjustments to gain/loss due to AMD which is reported on Schedule B.

 

it's not unheard of for issues in the import process if you used that (but still user responsibility to report on return correctly), or input errors, so you should definitely tie out the end result on Schedule D to your satisfaction.

 

if you have more details after looking further feel free to post further and maybe someone can help.

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