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?

posted

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.

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