Question

Turbotax says I have capitol gains, but my investments all lost money. How can this be?

Forum|Forum|4 years ago
April 6, 2022
1 reply
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Did you have and capital gain distributions from 1099-DIV?

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L

LaureebnerAuthor

I did, but they were offset by losses.

How can I deduct my short term losses from my short term gains?

AmyC

Employee

There is a difference in capital gains the company distributed to you and your losing money in a fund. If you did not sell the fund, you would not recognize a loss. If you sold the fund, then you would recognize the loss on your taxes and you would have a 1099-B for the sale of the fund. The capital gains are on a1099-DIV and not related to a sale.

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