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March 27, 2025
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Capital gains

  • March 27, 2025
  • 1 reply
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Hi,

why is my fed tax return showing a capital gains of $23,000 but my one and only 1099-B shows only $14,700?

Thanks,

Bill

Best answer by AmyC

Capital gains can also come from 1099-DIV, business asset sales, sale of other items on sch D. Take a look at your sch D, 4797, 8949, and any worksheets. Choose to see all worksheets, not just tax forms. Once you find the additional income, you can track down where it began. You could also have a hiccup when the data imported.

To print or view  your forms:

  • In desktop, switch to Forms Mode. 
  • For online:
    1. On the left side, select  Tax Tools
    2. Select Print center
    3. Select Print, save or preview this year's return
    4. If you have not paid, select pay now.

1 reply

AmyC
AmyCAnswer
Employee
March 27, 2025

Capital gains can also come from 1099-DIV, business asset sales, sale of other items on sch D. Take a look at your sch D, 4797, 8949, and any worksheets. Choose to see all worksheets, not just tax forms. Once you find the additional income, you can track down where it began. You could also have a hiccup when the data imported.

To print or view  your forms:

  • In desktop, switch to Forms Mode. 
  • For online:
    1. On the left side, select  Tax Tools
    2. Select Print center
    3. Select Print, save or preview this year's return
    4. If you have not paid, select pay now.
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