capital gain

mick1946 · ‎04-07-2025

Client received a 1099-NEC with capital gains. When I put the gain into Sch D it also shows as income from the 1099. How can I put it into Sch D without showing it in the 1099-NEC. Can I not show the 1099?

As it is now I have twice the income. Capital gain and 1099 income.

What should I do?

IRonMaN · ‎04-07-2025

1099NEC with capital gains?

Slava Ukraini!

Just-Lisa-Now- · ‎04-07-2025

Who/Why issued them an NEC for capital gains?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

qbteachmt · ‎04-07-2025

How do you know it's capital gains? Where on a 1099-NEC is that indicated?

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IRonMaN · ‎04-07-2025

Someone is obviously going rogue if capital gains are showing up on a copy of a 1099NEC.

Slava Ukraini!

ljr · ‎04-08-2025

sounds like you need to get a corrected 1099-nec

capital gain

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