Nowhere to enter Long-Term Capital Loss from my 1099DIV
I don't see any place to enter a Long-Term Capital Loss from my 1099DIV. Links to Capital Gains/Losses do not work.
Where do I enter a LT Capital Loss???
Best Answer
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Hello,
Form 1099-DIV is used for reporting dividend income, capital gains, and other dividend-like distributions related to stocks and mutual funds. Long term capital losses are only reported with Form 1099-B, Form 1099-S for real estate, or with your own records if there was no Form 1099 issued.
If there is a negative number reported on your Form 1099-DIV, it is likely an error on the form. Check with the issuer.
If there is a gain, follow this menu path Income TAB > Investments and Savings > Click +Add an Investment or +Add Another Investment > Choose Stock Sales if there is a 1099-B or Other Sales > Continue through the remaining screens.
Let us know if there are any other questions.
PhillipB, Tax Pro Agent
Answers
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Box 2a of form 1099DIV does not allow entering a negative number (capital loss) and needs to be fixed.
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Perfect. Thank you, very much.