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Level 3
May 17, 2020
Question

Sale of House not showing up - taxes calculated correctly

  • May 17, 2020
  • 2 replies
  • 13 views

Short-Term Capital Gains and Long-Term Capital Gains were entered and netted correctly.  Then the sale of a private residence was added creating a taxable $15,200 Capital Gain.

This does not show up on Schedule D

This does not show up on Form 8949

However, the correct tax is calculated!

 

How can this happen?  What can be done to fix it?

This topic has been closed for replies.

2 replies

IRonMaN
Level 15
May 17, 2020

I don't do Online, but is the tax if calculating correctly, I'm guessing it is there but you just aren't seeing it.

Slava Ukraini!
itonewbie
Level 15
May 18, 2020

You should check your input again to make sure you have followed the instructions here.  Provided you made your input correctly, PTO will prepare the F.8949 and compute the tax correctly.

https://proconnect.intuit.com/community/help-articles/help/reporting-a-sale-of-home-on-an-individual-return/00/5033

---------------------------------------------------------------------------------Still an AllStar