Please clarify a couple of things. Are you referring to "capital gains distributions" from the mutual funds reported to you on a 1099-DIV, Box 2a, as opposed to realized capital gains/losses from sales/exchanges of the fund shares?
Or are you simply referring to the increase in value merely from holding the funds? i.e., non-realized capital gains? If it's just the increase in value that you are referring to, then that is not reported until you actually make a sale (or exchange), or the mutual fund releases a "capital gains distribution."
And what product are you using--the desktop software or online TurboTax (website)? By your name above, it says "Deluxe for Mac". The desktop version of TurboTax (CD/download) can handle all the usual forms without limitations. So desktop Deluxe and Premier both prepare the same forms and can handle the same situations.
