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cbsews42
April 6, 2025
Question

Capital Gains

  • April 6, 2025
  • 1 reply
  • 0 views

My 1099B shows a capital loss.  Why does TurboTax show a capital gains  It says it is from my Net Long Term Capital Gain.  Where does this come from?

1 reply

SusanY1
SusanY1
April 6, 2025

The most likely explanation would be that you have capital gains distributions on a form 1099-DIV that exceed your net capital gains on 1099-B.  Check there first, and if that doesn't explain the diffrence let us know so that we can assist in further troubleshooting.  

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