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P
pacelli929
April 6, 2025
Question

Are capital gains being double counted?They appear to be double counted.I have capital gains in 1099-DIV 2a that also seem to be added back in on Schedule D, Line 13.

  • April 6, 2025
  • 1 reply
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1 reply

M
MinhT1
April 6, 2025

No. They are not double counted. Long term capital gain distributions in box 2a of form 1099-DIV are ONLY transferred to Schedule D, and nowhere else.

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P
pacelli929Author
April 6, 2025

In my return, the same dollars included in Schedule D, Line 13 also appear be brought in Schedule D, lines 1b and 8b

M
MinhT1
April 6, 2025

Lines 1b and 8b should only include capital gain/loss from transactions reported on forms 1099-B.

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