Question

HOw do I enter my capital gains and losses?

Forum|Forum|7 years ago
June 4, 2019
3 replies
0 views

I have used Turbotax for over 25 years and have had captital gains and losses many years.. This is the first year I have been stymied and where to enter the data for Schedule D. I have g one to add form and have tried clicking on 8949 but no luck. The community website says click on search but after searching many minutes for "search" no luck.

I have always used the forms view, using step-by-step only for charitable deductions. Tried step-by-step but could not find where to begin filling in capital gains and losses.

How do I find the forms to enter my capital gains and losses.

And PULEEZE make the process simpler next year!

TurboTax Deluxe Windows

DoninGA

Employee

To enter an investment sale from a brokerage account (1099-B), follow the steps below.

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Under Investment Income
On Stocks, Mutual Funds, Bonds, Other, click the start or update button

Or enter investment sales in the Search/Find box located in the upper right of the program screen. Click on Jump to investment sales

J

JB129

How do I enter capital gain from a real estate (camp), not my main home?

P

PattiF

Here is a link with information that will tell you how to report the sale of "camp".

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

F

forbesw

How do I enter my capital gains?

DoninGA

Employee

@forbesw wrote:

How do I enter my capital gains?

READ the answer provided above your post.

S

SPEEDyV52

HOW TO CALCULATE TAX ON STOCK CAPITAL GAINS

VolvoGirl

Employee

You don't have to calculate the tax. That's what Turbo Tax does. You enter each sale with sales price and your cost. Turbo Tax calculates the gain or loss. Then the tax is calculated on ALL your income, not just each kind.

If you have capital gains or qualified dividends the tax is not taken from the tax table but is calculated separately from schedule D. The tax will be calculated on the Qualified Dividends and Capital Gain Tax Worksheet. It does not get filed with your return. In the online version you need to save your return as a pdf file and include all worksheets to see it.

For the Desktop version you can switch to Forms Mode and open the worksheet to see it. Click Forms in the upper right (upper left for Mac) and look through the list and open the Qualified Dividends and Capital Gain Tax Worksheet.