LindaS5247
Expert Alumni

Get your taxes done using TurboTax

So Box 2a is a Capital Gain distribution. The other $2,000 could be investment related as well. Did you have any other Form(s) 1099 similar to that one? Capital Gains are taxed at a lower rate, so that may be why it is separated out on that TurboTax Breakdown. Capital gains are reported on your Schedule D and that schedule flows to line 7 of your Form 1040.

 

 

Click here for Guide to Schedule D: Capital Gains and Losses


 

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