topic Net Long Term Capital Gain K1 Box 9a in Get your taxes done using TurboTax

Net Long Term Capital Gain K1 Box 9a

CTP — Fri, 30 Aug 2019 21:31:42 GMT

I have a K1 net long-term capital gain box 9a on my K1. This is a business in which I am acvtive. I have entered all of my K1 information but TurboTax does not seem to be calculating the box 9a in my capital gains tax due. Any suggestions?

Re: Net Long Term Capital Gain K1 Box 9a

Anonymous_ — Fri, 30 Aug 2019 23:21:15 GMT

@CTP wrote:

...TurboTax does not seem to be calculating the box 9a in my capital gains tax due. Any suggestions?

Are you certain? Do you have a desktop version of TurboTax? If so, you can enter Forms Mode and look at Schedule 1 (Line 13) and the Qualified Dividend and Capital Gain Tax Worksheet - you should find the calculation in the latter.

Re: Net Long Term Capital Gain K1 Box 9a

Anonymous — Sat, 31 Aug 2019 02:53:37 GMT

the capital gain is carried to schedule D line 12. from schedule D the net long term capital gain (line 15) offset by any net short-term capital losses (line 7) is carried to line 3 of the capital gain worksheet