Question

mailed my return. Turbotax showed my capital gains distributions (line 2a 1099-DIV) on line 7 1040. Irs sent letter saying missing form D. TT did not generate one

Forum|Forum|1 year ago
March 31, 2025
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B

Billys7Author

Called TT 800 number. Could not figure how to generate schedule D. IRS and schedule D instructions says needed. Guess I will do by hand. Hope this is does not repeate next year

DawnC

From the instructions for Schedule D - Use Schedule D (Form 1040) to report the following:

The sale or exchange of a capital asset not reported on another form or schedule.
Gains from involuntary conversions (other than from casualty or theft) of capital assets not held for business or profit.
Capital gain distributions not reported directly on Form 1040 (or effectively connected capital gain distributions not reported directly on Form 1040-NR). If the amount from 2a was directly reported on Line 7 of Form 1040, Schedule D is not required.
Nonbusiness bad debts.

Detailed - Use Schedule D:

To figure the overall gain or loss from transactions reported on Form 8949;
To report certain transactions you don't have to report on Form 8949;
To report a gain from Form 2439 or 6252 or Part I of Form 4797;
To report a gain or loss from Form 4684, 6781, or 8824;
To report a gain or loss from a partnership, S corporation, estate, or trust;
To report capital gain distributions not reported directly on Form 1040 or 1040-SR, line 7; and
To report a capital loss carryover from 2023 to 2024.

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