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Investment Income Overstated in Turbotax

In my income section in TurboTax I have inputted all my investment related forms (1099-Div, 1099-INT, etc). I have triple checked EVERY NUMBER. When I look at my total wages and income section, the total for investment income is higher than the numbers I have input. Then when I click this new capital gains button, that number is also higher, and higher even than the total it shows on wages and income. Why is this happening??? How do I fix it? I have literally triple checked every single number. 

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3 Replies

Investment Income Overstated in Turbotax

where sre you looking - - in Turbotax summary or the actual return? Only the actual return matters.

Investment earnings commonly include interest, dividends, income from rental properties, royalties and the profit you earn from trading stocks.

Investment Income Overstated in Turbotax

I’m looking in the TurboTax summary. Which I would hope would be accurate…. 

how do I look at the actual form to see what that’s showing? 

JamesG1
Employee Tax Expert

Investment Income Overstated in Turbotax

You can review the 1040 in TurboTax Online by following these directions.

 

  • Down the left side of the screen, click on Tax Tools.
  • Click on Tools.
  • Under Other helpful links, click on View Tax Summary.
  • Down the left side of the screen, click on State Tax Summary to see the actual tax return that you prepared.
  • Down the left side of the screen, click on Preview My 1040 to see the actual tax return that you prepared.
  • Down the left side of the screen, click Back to return. 

You can print or view your full tax returns prior to filing after you have paid for the software.

 

  • Down the left side of the screen, click on Tax Tools.
  • Click on Print Center.
  • Click Print, save or preview this year's return.
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