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N
nslacks
March 1, 2023
Question

How do I subtract capital losses from sales from capital gains distributions?

  • March 1, 2023
  • 1 reply
  • 0 views
how do I subtract capital losses from my sales from my capital gains distributions?

1 reply

leeloo
leeloo
March 1, 2023

You don't. Enter all your information. The program will tranfer all to Schedule D and Form 8949 where all calculations will take place. 

 

Use Form 8949 to reconcile amounts that were reported to you and the IRS on Form 1099-B or 1099-S (or substitute statement) with the amounts you report on your return. The subtotals from this form will then be  carried over to Schedule D (Form 1040), where gain or loss will be calculated in aggregate.

 

https://www.irs.gov/forms-pubs/about-form-8949#:~:text=Use%20Form%208949%20to%20reconcile,will%20be%20calculated%20in%20aggregate.

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