I have a K1 net long-term capital gain box 9a on my K1. This is a business in which I am acvtive. I have entered all of my K1 information but TurboTax does not seem to be calculating the box 9a in my capital gains tax due. Any suggestions?
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@CTP wrote:
...TurboTax does not seem to be calculating the box 9a in my capital gains tax due. Any suggestions?
Are you certain? Do you have a desktop version of TurboTax? If so, you can enter Forms Mode and look at Schedule 1 (Line 13) and the Qualified Dividend and Capital Gain Tax Worksheet - you should find the calculation in the latter.
the capital gain is carried to schedule D line 12. from schedule D the net long term capital gain (line 15) offset by any net short-term capital losses (line 7) is carried to line 3 of the capital gain worksheet
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