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M
Mick88
April 11, 2025
Question

TT not transferring Capital Gains Distribution from 1099-DIV to Schedule B or 1040. How to fix ?

  • April 11, 2025
  • 1 reply
  • 0 views
No text available

    1 reply

    LenaH
    LenaH
    April 11, 2025

    Capital gain distributions flow to Schedule D, Line 13. This gets totaled in with other amounts on Schedule D. Then, the total on Line 21 flows to 1040, Line 7.

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    M
    Mick88Author
    April 14, 2025

    I discovered the emailed answer after I found the solution from looking at my own previous year’s tax return.   

    For some reason, TT downloads two 1099s for one Schwab Brokerage account. I have to delete this second 1099.  I think this happened last year also

     

    Without my own Excel spreadsheet for collecting all our data, and my record of my previous returns, I might have been at a loss. 

    TT facilitates preparing the 1040 return but one has to have their own data assembled correctly.  The old adage applies: Garbage in, Garbage out.

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