If I sum up the $ numbers shown in TurboTax Deluxe's "Your 2017 Income Summary" screen, the sum is quite a bit LESS than the sum TurboTax shows on the (subsequent)
"Jane and John, Here's a Picture of Your 2017 Income" screen.
After going back and forth between the two screens, and dropping into 'Forms' mode (and seeing what TT had in Sched D), the difference seems to be that Capital gain distributions are NOT shown/included in the
"Your 2017 Income Summary" screen,
yet they ARE included in the "Capital Gains and Losses" number shown in the "Jane and John, Here's a Picture of Your 2017 Income" screen.
So, qstn 1: can anyone confirm this is the case ?
qstn 2: if so, WHY does TT not include Capital gain distributions in the "Your 2017 Income Summary" screen ?
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I am able to duplicate this in an instance where the capital gain stemmed form a 1099-DIV entry, so I'll report it. It is, however, only an error in the display. Summary screens show entries and really have no connection to the calculations of taxable income in your return. Summaries pull from worksheets designed just to show amounts on the screens, they don't pull from anything on your actual return. Any time you have a question about how something is displaying in the interview, you should do exactly as you did, and look at your actual return.
I am able to duplicate this in an instance where the capital gain stemmed form a 1099-DIV entry, so I'll report it. It is, however, only an error in the display. Summary screens show entries and really have no connection to the calculations of taxable income in your return. Summaries pull from worksheets designed just to show amounts on the screens, they don't pull from anything on your actual return. Any time you have a question about how something is displaying in the interview, you should do exactly as you did, and look at your actual return.
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