Capital Gains from U. S. Obligations

Forum|Forum|1 year ago
February 16, 2025
2 replies
6 views

The question: How do I find the dollar figure for Capital Gains from U. S. Obligations from my 1099-DIV form?

The details: I have a "2024 Combined Forms 1099", 1099-INT (boxes 1, 3, 4 and 5), and 1099-DIV (boxes 1a, 1b, 2a, 2b, 4, 5 and 6). Box 3 in 1099-INT identifies interest income from U. S. Obligations. No questions there. Box 2a in 1099-DIV displays Total capital gain distribution. I see nothing in the 2024 TRANSACTION DETAIL ANALYSIS that follows, for Box 2a, that identifies any of the cap gains as being from a U. S. Obligation. It displays the fund names, dates of the transactions, and the amounts. Of the five funds listed, four of them have notes (C, M, or both) defined as:

C Long-term capital gain distribution
M Payments received were reclassified into other type(s) of income; therefore the totals may not equal the amounts as

How would I determine if any of these cap gains are from a U. S. Obligation? Or, is it simply a matter of noting that, since there are no identifiers or figures for cap gains from U. S. Obligations, the answer is "None"?

Thanks, and have a nice day.

TH666

RobertB4444

Level 15

In this instance I would contact your brokers and find out from them. The answer may be "all of them".

@Paolooch

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PaoloochAuthor

Level 4

RobertB4444,

Thanks. As I replied to baldietax, I plan to do that.

baldietax

Level 12

Have you checked for US Gov obligations in Box 1a from MM funds etc which is more likely than 2a? The fund companies publish the % from US Gov Obligations ("Supplemental Tax Information" etc).

PaoloochAuthor

Level 4

Hmmm. 1a is Ordinary Dividends. 1b is Qualified Dividends. One transaction in 1b does have note "S", which is "Short term capital gains." Might be something to pursue. I was going to do as RobertB4444 suggested, tomorrow, today being a holiday. I'll include that little possible nugget in my conversation.

Thanks.