topic Re: I have total Capital Loss of $565.00, but TurboTax states capital gain of $15. Does not make sense, since $565 Capital Loss is based on TurboTax calculation. Help! in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-have-total-capital-loss-of-565-00-but-turbotax-states-capital-gain-of-15-does-not-make-sense/01/2112446#M68458 <P><SPAN>&nbsp;If a net long-term capital gain is more than a net short-term capital loss, it's a net capital gain.&nbsp; Do you have a $580 long term gain, and a $565 short term loss?</SPAN></P> Sat, 20 Mar 2021 12:24:33 GMT SweetieJean 2021-03-20T12:24:33Z I have total Capital Loss of $565.00, but TurboTax states capital gain of $15. Does not make sense, since $565 Capital Loss is based on TurboTax calculation. Help! https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-total-capital-loss-of-565-00-but-turbotax-states-capital-gain-of-15-does-not-make-sense-since/01/2112270#M68457 TurboTax Calculation of my 1099-B states Net $565 Capital Loss. TurboTax on the next page says I have $15 in Capital Gains. This does not make sense. Can you please help me figure what is wrong here? Sat, 20 Mar 2021 07:57:14 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-total-capital-loss-of-565-00-but-turbotax-states-capital-gain-of-15-does-not-make-sense-since/01/2112270#M68457 scholar_school 2021-03-20T07:57:14Z Re: I have total Capital Loss of $565.00, but TurboTax states capital gain of $15. Does not make sense, since $565 Capital Loss is based on TurboTax calculation. Help! https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-have-total-capital-loss-of-565-00-but-turbotax-states-capital-gain-of-15-does-not-make-sense/01/2112446#M68458 <P><SPAN>&nbsp;If a net long-term capital gain is more than a net short-term capital loss, it's a net capital gain.&nbsp; Do you have a $580 long term gain, and a $565 short term loss?</SPAN></P> Sat, 20 Mar 2021 12:24:33 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-have-total-capital-loss-of-565-00-but-turbotax-states-capital-gain-of-15-does-not-make-sense/01/2112446#M68458 SweetieJean 2021-03-20T12:24:33Z Re: I have total Capital Loss of $565.00, but TurboTax states capital gain of $15. Does not make sense, since $565 Capital Loss is based on TurboTax calculation. Help! https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-have-total-capital-loss-of-565-00-but-turbotax-states-capital-gain-of-15-does-not-make-sense/01/2112556#M68461 <P>Look at the details on form 8949 and schedule D.</P> <P>One possibility is an off setting capital gains distribution (from a form 1099-Div) on line 13 of Schedule D</P> <P>&nbsp;</P> Sat, 20 Mar 2021 13:06:58 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-have-total-capital-loss-of-565-00-but-turbotax-states-capital-gain-of-15-does-not-make-sense/01/2112556#M68461 Hal_Al 2021-03-20T13:06:58Z