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February 14, 2025
Question

Where do I show which capital gains are long-term and which are short-term?

  • February 14, 2025
  • 1 reply
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TurboTax only asked me what total capital gains are for stock sales for our brokerage accounts.

    1 reply

    rjs
    Employee
    February 14, 2025

    When you enter stock sales you have to enter short-term sales and long-term sales separately. The first thing at the top of the screen is a drop-down list that asks you to select the sales section. There are different sales sections for short-term and long-term. Select the appropriate one.

     

    trellin32Author
    February 16, 2025

    Actually I didn’t see any drop-down menu at the top of any screen (I am working in the “Apple universe”, if that makes a difference (?).), and the investment account downloads were all automatic.   However, the answer I received reassured me that “short-term” and “long-term” gains are differentiated in TurboTax.  So I finally found that by clicking on the “edit” symbol for a particular investment section, it would show all of the individual stock transactions, and whether short-term or long-term.  Thanks!