Does the 2024 Deluxe download version include Schedule D Capital Gains and Losses

[NigelLynn]

but we need this form on our desktop version to complete capital gains - without it is it treating gains as ordinary income it appears even though they are LTCG.  Where can we import this form into our 2024 deluxe software?

[DoninGA]

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@NigelLynn wrote:

but we need this form on our desktop version to complete capital gains - without it is it treating gains as ordinary income it appears even though they are LTCG.  Where can we import this form into our 2024 deluxe software?

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The Schedule D and the Form 8949 are included in the Deluxe desktop edition software so there is no need to import a Schedule D.

To enter an investment sale -

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Under Investment Income
On Stocks, Cryptocurrency, Mutual Funds, Bonds, Other, click the start or update button

Using the desktop editions -

On the next screen click on Yes
On the next screen click on Skip import
On the next screen, select Investment Type and continue

[VolvoGirl]

@NigelLynn   Where is it showing as ordinary income?  

Even though the full amount shows up in the total income on the 1040 line 7, if you have capital gains or qualified dividends the tax is not taken from the tax table but is calculated separately from Schedule D. The tax will be calculated on the Qualified Dividends and Capital Gain Tax Worksheet. It does not get filed with your return. In the online version you need to save your return as a pdf file and include all the worksheets to see it.

For the Desktop version you can switch to Forms Mode and open the worksheet to see it. Click Forms in the upper right (upper left for Mac) and look through the list and open the Qualified Dividends and Capital Gain Tax Worksheet.

IRS Qualified Dividends and Capital Gain Tax Worksheet—Line 16 on 1040 instructions page 36
https://www.irs.gov/pub/irs-pdf/i1040gi.pdf

[VolvoGirl]

I made you a screen shot