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Level 2
January 30, 2021
Solved

Capital Gains (loss) detailed worksheet in 2020 Proseries program

  • January 30, 2021
  • 8 replies
  • 38 views

Can anyone tell me where the Capital Gains (loss detail worksheet is in the  2020 Proseries program?  Was in the 2019 not in 2020.

Very simple worksheet no missing?

 

Help

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Best answer by Just-Lisa-Now-

You need to click the 1099B worksheet button at the top of Sch D.  Then scroll down that worksheet page a bit and you'll find something similar to the old Sch D.

8 replies

Just-Lisa-Now-
Intuit Community Champion
January 30, 2021

You need to click the 1099B worksheet button at the top of Sch D.  Then scroll down that worksheet page a bit and you'll find something similar to the old Sch D.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 2
February 18, 2021

The "solution" posted is worthless.  "gregg" and I are looking for what was known as the "Capital Gains Worksheet" that was included in the 2019 (and many prior tax seasons) ProSeries Tax releases.  I used it to record the exercise of various employee stock options.  Info recorded here was included in the "Employee Stock Worksheet", and a summary of the client's equity income included on their W-2 was reported on the "ESP Compensation Worksheet".

The "Capital Gains Worksheet" is nowhere to be found in the 2020 ProSeries software.

Level 2
February 19, 2021

I believe that I found the solution to the missing "Capital Gains Worksheet" issue by the usual software trial and error method.  Yes, this 2019 worksheet does not appear to be included in the 2020 ProSeries Tax release ... but since I don't work for Intuit, I can't confirm this.

Here's how to record the sale of RSU shares that were withheld to cover a client's income tax withholding liabilities:

1. Open the "Form 1099-B Wks" worksheet. Record the sale of the RSU shares that were withheld to cover the client's income tax withholding liabilities here.

2. Open the "Capital g/l adj." worksheet. Scroll down to Part III. "Specific Adjustments".  Check the box next to "Check this box for employee stock sales requiring adjustments."  You don't need to record anything else here.

3. Open the "Emp Stock Wks" worksheet. Scroll down to Part VI, "Restricted Stock Units (RSUs".  Record the details of the RSU release here.

4. Open the "ESP Comp Wks" worksheet. You should now see the Compensation Income attributed to the client as a result of the exercise of this particular RSU.

5. Repeat the above steps for however many stock options that the client received or exercised during the year.

That's it.

Level 4
February 27, 2021

This post is the correct solution (not the one tagged as the solution). Thank you!

Level 2
March 3, 2021

IRS Changed reporting requirements.

When you filled out the capital gains detail worksheet each of those transactions flowed through the 8949 and then onto schedule B.  Now you just open the 1099-B (even if you didn't receive one) and report the aggregate data for each brokerage account (which is probably what everyone was doing anyway).  They already have the detailed information so it saves the people who were doing things correctly from putting in multiple individual transactions.

 

IRonMaN
Level 15
March 3, 2021

Slava Ukraini!