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Level 2
posted Feb 15, 2025 10:36:05 PM

Fidelity 1099-B Box D Long-Term Realized Gain doesn't match imported value in TT

I have a consolidated 1099-B form from Fidelity which lists in Box D Long-Term Realized Gain a value of 2,926.09.

 

When imported into TurboTax it lists $2,625.04 total gain. This corresponds to 2,926.09 minus values found in 1f Accrued Market Discount for two brokered CDs.  

 

It makes me a little nervous that the two gain numbers differ and I am hoping someone can confirm that this is correct?

0 1 1454
1 Replies
Expert Alumni
Feb 22, 2025 1:53:51 PM

Can you clarify if the sale of the brokered CDs is part of the proceeds that comprise your capital gain?  If so, it is proper to add them to the basis of those sales.  

You may wish to run the Smart Check in the program (just before final review (to see if TurboTax questions this calculation at all, too, as it may require some manual adjustments.)