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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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March 25, 2025
1:53 PM
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