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New Member
posted Apr 6, 2025 12:47:32 PM

Capital Gains

My 1099B shows a capital loss.  Why does TurboTax show a capital gains  It says it is from my Net Long Term Capital Gain.  Where does this come from?

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1 Replies
Employee Tax Expert
Apr 6, 2025 12:55:25 PM

The most likely explanation would be that you have capital gains distributions on a form 1099-DIV that exceed your net capital gains on 1099-B.  Check there first, and if that doesn't explain the diffrence let us know so that we can assist in further troubleshooting.