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gtstiefel
April 10, 2025
Question

My 1099B has 2 total lines for Long Term Capital Gains: NET Long Term Capital Gains and losses, and SALES PROCEEDS AND NET GAINS AND LOSSES. Which do I enter in TurboTax?

  • April 10, 2025
  • 1 reply
  • 0 views
Both have boxes 1a-1g but they are different amounts on each line. Turbotax doesn't clarify which to line to enter just "Sales total."

    1 reply

    T
    ThomasM125
    April 14, 2025

    You need to enter proceeds and cost basis for investment sales. I'm not sure how that is listed on your Form 1099-B, but the sales proceeds less the cost basis would give you the net gain on sale. Those are the amounts you need to enter in TurboTax. 

     

     

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