how is investments and savings calculated on the income and expense summary page?

Forum|Forum|11 months ago
April 12, 2025
1 reply
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When I total up all my 1099 div, int, and b forms and subtract loss carryover, that total is much less than the amount shown on the Investments and Savings line on the Your Income and Expense page. How is that total calculated?

ThomasM125

One problem may be your carryover capital losses. They would only be allowable against your net capital gain in the current year. I suggest you look at your Form 1040 to see what investment income is showing on lines 2, 3 and 7 to see if your interest, dividends and capital gains are property stated on your tax return.

To view your form 1040 and schedule 1 to 3:

Choose Tax Tools from your left menu bar in TurboTax Online while working in your program
Choose Tools
Choose View Tax Summary
See the Preview my 1040 option in the left menu bar and click on it
Choose the Back option in the left menu bar when you are done

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