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April 2, 2025
Question

For reasons I can't explain, turbotax is doubling my capital gains. How to correct?

  • April 2, 2025
  • 1 reply
  • 0 views
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    1 reply

    JohnB5677
    April 2, 2025

    Did you import the same information twice?

     

    Please check your tax return

    You can preview your tax return by going to:

     

    1. On the menu bar on the left that shows.
    2. Select Tax Tools
    3. On the drop-down select Tools
      1. Tip: If you don't see the dropdown for Tools, minimize the Home feature.
    4. On the popup menu
    5. Select View Tax Summary
    6. On the left sidebar
    7. Select Preview my 1040.
    8. Capital Gain is line 7
    9. If you had a carryover, it will have been deducted

    Some key numbers on your 1040 tax return are:

    Line 9 - Total Income

    Line 11 - AGI

    Line 15 - Taxable Income

    Line 19 - Child Tax Credit

    Line 24 - Total Tax.

    Line 25 d - Withholdings.

    Line 26 - Estimated tax payments

    Line 27 - Earned Income Credit

    Line 28 - Additional Child Credit

    Line 33 - Payments including Credits.

    Line 34 - Overpayments.

    Line 37 - Tax owed.

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