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90092
New Member

capital gains reporting

why does TT show a different capital gains amount on 1040 line 7 than the amount of gains if I add up all the form 1099-Div box2a amounts. I'm sure it's easy but I can't find the answer

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2 Replies
JulieS
Expert Alumni

capital gains reporting

Yes, the line 7 amount is the net of all capital gains and losses, subject to limitations that are on your return. This includes:

 

  • Capital gain distributions from box 2a of 1099-DIV.
  • Capital gains or losses from Schedule K-1.
  • Capital gains or losses from Schedule D.
  • Capital loss carryovers from prior years. 
  • Gains or losses from the sale of business assets.

 

Check your Schedule D, line 16 for the total and the details on the first page of Schedule D.

 

 

 

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capital gains reporting

just look at schedule D to see all the lines with data. The CGD would be on line 13 

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