topic capital gains reporting in Get your taxes done using TurboTax

capital gains reporting

90092 — Wed, 11 Feb 2026 05:47:36 GMT

why does TT show a different capital gains amount on 1040 line 7 than the amount of gains if I add up all the form 1099-Div box2a amounts. I'm sure it's easy but I can't find the answer

Re: capital gains reporting

JulieS — Mon, 18 Mar 2024 20:55:32 GMT

Yes, the line 7 amount is the net of all capital gains and losses, subject to limitations that are on your return. This includes:

Capital gain distributions from box 2a of 1099-DIV.
Capital gains or losses from Schedule K-1.
Capital gains or losses from Schedule D.
Capital loss carryovers from prior years.
Gains or losses from the sale of business assets.

Check your Schedule D, line 16 for the total and the details on the first page of Schedule D.

Re: capital gains reporting

Mike9241 — Tue, 19 Mar 2024 05:59:36 GMT

just look at schedule D to see all the lines with data. The CGD would be on line 13