MaryK4
Expert Alumni

Get your taxes done using TurboTax

The capital gain distributions are reported on Line 7 of your 1040.  They receive special tax rates which TurboTax calculates for you. 

 

A capital gain distribution is a type of dividend paid to you by a mutual fund, a regulated investment company, or a real estate investment trust.  A capital gain simply means that the fund or trust sold some assets (usually stocks and/or bonds) at a net profit.

 

The total of all your Box 2a amounts (i.e., all your long-term capital gains) will be reported either on Schedule D or (if there aren't any other entries on Schedule D) on Form 1040, line 13. This total flows there automatically from Schedule B. You don't have to re-enter it.

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