topic My Capital Gain amount is not being added to my income in Part 5 of the Capital Gain T form. in Get your taxes done using TurboTax

My Capital Gain amount is not being added to my income in Part 5 of the Capital Gain T form.

rkcnb — Tue, 03 Feb 2026 06:45:55 GMT

This is for my 2024 return

Re: My Capital Gain amount is not being added to my income in Part 5 of the Capital Gain T form.

Hal_Al — Sat, 11 Jan 2025 18:12:36 GMT

What form/schedule number is the "Capital Gain T form" you're referring to?

Your capital asset sale is reported on form 8949, then to Schedule D (if you received a 1099-B, you may be able to skip form 8949). The resulting gain or loss goes to line 7 of form 1040. The capital gain tax is calculated on the "Qualified Dividends and Capital Gains Worksheet (or the Schedule D worksheet).

None of these forms have a Part 5.

Re: My Capital Gain amount is not being added to my income in Part 5 of the Capital Gain T form.

SteamTrain — Sat, 11 Jan 2025 19:21:37 GMT

I don't know the actual answer...but for those who might be able to help?

A form, that perhaps only a few of us have heard of..

Maybe it is the IRS "Form T (Timber)" ??

Forms and Pubs Index Search | Internal Revenue Service

Re: My Capital Gain amount is not being added to my income in Part 5 of the Capital Gain T form.

VolvoGirl — Sat, 11 Jan 2025 21:17:00 GMT

Are you in Canada by any chance? This is the USA forum. Here is the Canada forum
https://turbotax.community.intuit.ca/tax-help