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D
dhstein
February 20, 2025
Question

8949 and 1099

  • February 20, 2025
  • 1 reply
  • 0 views

I received a form 8949 from my broker for (example) $10,000 for capital gains

I also received a 1099-DIV for the same $10,000.

I imported both of these forms from my broker into Turbo Tax

On Schedule D the $10,000 is reported on line 9 and also on line 13.

So it's double counting this amount.

Please advise.

    1 reply

    SharonD007
    SharonD007
    February 20, 2025

    You don't need to import Form 8949 into your tax return. TurboTax automatically completes Form 8949 when you enter your stock sales.  Did you import Form 1099-B: Proceeds from Broker Transactions instead of Form 8949?  That would explain why your dividends were doubled because Form 1099-B includes Form 1099-Div.

     

    If you did import Form 1099-B, delete the 1099-DIV that you entered.'

    1. Go to the Did you have investment income? screen
    2. select the trash can next to the 1099-DIV to delete it.

    For more information on broker transactions, ‌ refer to the TurboTax article What is Form 1099-B: Proceeds from Broker Transactions?

     

    If you still need help, reply back.

     

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