Tax Questions

[PCola77]

Quick tax question: In one of my accounts I bought a bunch of big% dividend stocks (i.e., ones that paid cash divi's of say, half the share price), and then subsequently sold the stock for more than (Prior price - Divi Amount), so I made some profit on them.

So my account basically looks like this:

1099-Div $25,000
1099-B G/L -$22,000

So basically I made $3,000 on those trades, but Tax Cut is treating it as $25,000 divi profit and a $3,000 cap loss. My guess is that that is the proper way to treat it, and I'll have $19,000 of cap losses to net against some gains (hopefully) over the next few years. Is that right, or should I only be paying taxes on the $3,000 gain?

Much thanks in advance!