Why is Turbo Tax giving a different total long term capital gain figure than what my brokerage firm reported on the 1099-B? It's $3100 higher than the 1099-B.

[jaykayjay]

I only received one 1099-B form, which is all I should have received. I can't find anywhere on the 1099-B the figure that Turbo Tax has generated.

[VolvoGirl · Accepted solution]

Capital Gains can come from several places. From your sales and 1099 DIV box 2a and maybe a K-1 you got.  Or maybe you need to  add the cost basis for some sales.  If you imported the 1099B it may be missing some info.  

[jaykayjay]

Thanks for your quick response!  I'm wondering if I need to connect with the brokerage company to question their math.  I just have a basic knowledge of taxes and don't do anything out of the ordinary (for me), like selling land or doing investing on my own.  I only have the one 1099-B form from the brokerage company to look at and use its figures to complete the investment portion of my taxes.  I thought everything should be contained in that 1099-B I received.  So I don't understand how the long term capital gains number would jump $3100 in Turbo Tax from what's reported on the 1099-B. I hope this makes sense!